U.S. Treasury yields rose on Thursday due to the reaction of investors to a jobs report that was weaker than expected.
The 10-year Treasury yield increased by over 2 basis points to 4.2090%, while the 2-year Treasury note yield also climbed more than 2 basis points to 4.1502%.
The latest initial jobless claims data, set to be released at 8:30 a.m. ET, and the nonfarm payrolls report for November, scheduled for Friday morning, are being closely monitored by market participants.
The ADP report showed that private payrolls grew by only 146,000 in November, which fell short of the expectations of Dow Jones economists who predicted 163,000 positions.