As investors anticipate the release of jobless claims and housing data, treasury yields increase.

On Thursday, U.S. Treasury bond yields increased in anticipation of upcoming data releases on unemployment claims and housing construction.

At 3:20 a.m. ET, the 10-year Treasury yield was approximately 3 basis points higher at 4.2497%, while the 2-year yield was also up by around 3 basis points at 4.7372%.

Prices and yields move in opposite directions. A basis point is equivalent to 0.01%.

This morning, the U.S. will receive data on initial jobless claims, housing starts, and building permits.

This month, the number of Americans filing new unemployment claims unexpectedly increased to 229,000 for the week ended June 1, according to data. Economists predicted 220,000 claims for the period, based on a poll by Reuters.

The Federal Reserve maintained its benchmark policy rate between 5.25% and 5.50% since July, and Minneapolis Federal Reserve President Neel Kashkari was surprised by the U.S. job market's performance despite the Fed raising borrowing costs in 2022 and 2023.

"I hope for a balanced economy, and then we can get back down to modest cooling," Kashkari stated.