Retail sales exceed expectations, jobless claims decline, resulting in a rise in treasury yields.

On Thursday, the U.S. Treasury yields advanced, indicating the strength of the economy based on the latest economic data.

The yield climbed more than 5 basis points to 3.993%, while the price dropped more than 5 basis points to 4.071%. Yields and prices move in opposite directions, with one basis point equal to 0.01%.

Retail sales in September surpassed expectations, with a 0.4% increase in consumer spending. Additionally, excluding autos, sales rose by 0.5%, which was also higher than anticipated.

The number of weekly jobless claims decreased to 241,000, while separate data showed a resilient economy, indicating a positive outlook.

Further rate cuts may be hinted at by Fed officials later in the week, according to earlier comments.

The European Central Bank cut its interest rates for the third time this year at its meeting on Thursday, reflecting a weaker growth outlook and easing inflation risks.

— CNBC's Jeff Cox and Sophie Kiderlin contributed to this report.