On Thursday, U.S. Treasury yields rose following the Veterans Day market closure, with the 10-year note yield climbing 2 basis points to 5.0100%, and the 2-year note yield increasing by 5 basis points to 4.7800%. The 30-year Treasury note yield remained unchanged at 5.3503%.
This uptick in yields reflects investor sentiment as they await key economic indicators, including the producer price index, expected to show a 0.4% increase for October, and the National Association of Realtors' home sales report, which is projected to indicate a rise to 4 million existing home sales.
Additionally, oil prices remained stable, with West Texas Intermediate futures at $86.59 per barrel and Brent crude at $92.92, as geopolitical tensions in the Middle East persist