Slight increase in 10-year Treasury yield as investors evaluate rate cut possibilities.

The Federal Reserve's future rate cut path was assessed by investors, resulting in a 10-year U.S. Treasury yield rise on Thursday.

The 10-year yield on the benchmark increased by 1 basis point to 3.89%, surpassing its previous low of 3.836% earlier in the session, which was the lowest since July 24 when the yield was 3.792%.

The 2-year yield decreased by more than 1 basis point to 4.352%, while the yield on the gained nearly 3 basis points to 4.032%. Yields move inversely to prices.

The third estimate of real GDP growth was lower than expected, with a 4.9% increase on an annual basis in the third quarter, according to the Bureau of Economic Analysis. This is down from the second estimate's increase of 5.2%, and lower than the 5.1% increase anticipated by economists polled by Dow Jones.

Initial jobless claims were slightly higher than expected last week, but still below the level of the previous week, according to the Department of Labor.

This year, government debt rallies have pushed yields beyond several goals, as larger-than-anticipated declines in inflation have heightened expectations for interest rate reductions.

Since the end of October, 10-year U.S. Treasury yields have decreased by nearly a percentage point due to increasing anticipation that the Fed will start reducing rates as early as March.

— CNBC’s Gina Francolla and Jesse Pound contributed to this report.