US Treasury yields up on service, jobs data

Yields were up as prices fell on US Treasury bonds on Thursday. The price declines came on new data showing growth in the US service sector. In addition, jobless claims at their lowest level since January and gains in the stock market contributed to the lower bonds prices.

Two-year Treasury bonds were yielding 4.70 percent in mid-afternoon trade in New York, up from their yield of 4.65 percent late Wednesday. Five-year issues yielded 4.59 percent, up from 4.55 percent on Wednesday, while ten-year issues were at a yield of 4.68 percent after yielding 4.65 percent yesterday. Meanwhile, thirty-year bonds yielded 4.84 percent, higher than Wednesday afternoon’s yield of 4.82 percent.

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