As focus turns to employment statistics, treasury yields increase.

On Thursday, U.S. Treasury yields increased due to investors' examination of the latest labor market data and evaluation of the economy's condition.

The yield on the rose increased by more than 3 basis points, reaching 3.817%, after previously being at 3.672%.

An inverse relationship exists between yields and prices, with one basis point equivalent to 0.01%.

The latest jobs data received attention from investors as they evaluated the economy's condition.

On Wednesday, ADP figures revealed that private payrolls exceeded expectations in September, with private companies adding 143,000 jobs. This was higher than August's growth of 103,000 and the forecast of 128,000.

Meanwhile, Thursday's weekly jobless claims data came in slightly higher than economists predicted.

The U.S. Labor Department's statistics bureau will release the all-important September jobs report on Friday, which includes nonfarm payrolls and the unemployment rate.

The Fed's monetary policy decision-making could be influenced by the numbers, particularly with regards to further interest rate cuts. The central bank has two more meetings scheduled in 2024, and Chairman Jerome Powell hinted at two more 25 basis point cuts this year if economic data remained consistent.

On Thursday, the services purchasing managers' index reading for September from ISM is anticipated, which will offer insights into the economy's condition. Meanwhile, investors are closely observing the developments in the Middle East following the escalation of tensions in the region earlier this week, leaving traders uncertain about how global markets may be impacted.