Geopolitical tensions and economic data cause Treasury yields to increase.

On Wednesday, U.S. Treasury yields increased due to investors' evaluation of the geopolitical climate and economic information.

Nearly 5 basis points higher, the yield was trading at 4.426% at 6:13 a.m. ET, up from 4.297% after a rise of more than 2 basis points.

Prices and yields move in opposite directions, with one basis point equal to 0.01%.

The latest developments in the Russia-Ukraine war, including the escalating tensions between the U.S. and Russia, were considered by investors. On Wednesday, the U.S. closed its embassy in Kyiv and issued a warning about a potential significant air attack.

On Tuesday, Russian President Vladimir Putin updated the country's nuclear doctrine, lowering the threshold for a nuclear strike, following Ukraine's use of U.S.-made long-range ballistic missiles to attack Russian territory for the first time.

The latest economic data showed that new housing starts and building permits fell short of expectations in October, while more insights into the housing sector will be provided on Thursday with the release of existing home sales data.

In the upcoming week, investors will closely monitor the flash purchasing managers' index reports from S&P Global for both the services and manufacturing sectors. Additionally, several Federal Reserve officials are scheduled to provide remarks, which investors will scrutinize for indications about the economic and monetary policy outlook.

Concerns about the candidates' experience levels and track records were considered by investors as they weighed potential picks for Treasury Secretary before the start of Donald Trump's second term.