Key data drives investors to increase treasury yields.

On Thursday, U.S. Treasury yields rose as investors searched for clues about the economy's future and potential monetary policy from economic data.

The yield on the increased by more than two basis points to 4.3411% at 4:14 a.m. ET, surpassing its previous high of 4.7576%.

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

Amidst uncertainty about the future of interest rates and when they may be reduced, investors turned to economic data for insights into the economy's direction and how it might impact monetary policy.

On Thursday, economic data will be released, including weekly initial jobless claims, May's durable goods orders, and pending home sales figures for the same month. According to a Dow Jones consensus estimate, durable goods orders are expected to decline by 0.6%, while economists surveyed by Dow Jones anticipate pending home sales to rise 1%.

New home sales decreased by more than 11% in May, according to data released on Wednesday.

The Federal Reserve's preferred inflation indicator, the personal consumption expenditures price index, will be released on Friday.

The central bank's decision on interest rates will be based on inflation and whether the data indicates a sustainable easing towards the 2% target, as fed officials have frequently stated.

Michelle Bowman, the Fed Governor, stated earlier this week that she was keeping the possibility of a rate hike open if inflation control stalled or reversed.

More comments from Fed officials are expected throughout the week.