The 10-year Treasury yield increases to 4.15% following stronger employment information.

On Thursday, U.S. Treasury yields increased as investors evaluated strong employment information and recent Federal Reserve comments that undermined expectations for a March interest rate reduction.

The yield increased by approximately 6 basis points to 4.156%, while the rose by about 4 basis points to 4.458%.

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

Another batch of resilient jobs data showed a decrease in initial filings for unemployment insurance last week, with 218,000 claims, lower than the estimated 220,000 by Dow Jones.

According to Chris Rupkey, chief economist at FWDBONDS, the labor market is stable, indicating that Fed officials should proceed cautiously with lowering key interest rates, as monetary policy may not be as restrictive as policymakers initially thought.

Recent Fed officials' commentary indicated that fewer 2024 rate cuts may occur than previously anticipated, according to investors.

On Wednesday, Neel Kashkari, President of the Minneapolis Fed, stated on CNBC's "Squawk Box" that he anticipates two or three rate cuts in 2024, while Fed Governor Adriana Kugler emphasized the need for more data to confirm a persistent downward trend in inflation, even as it eases.

Last week, Fed Chairman Jerome Powell expressed concerns about fewer rate cuts this year and delayed the possibility of a March trim. He also emphasized that policymakers would approach cutting with caution and closely monitor the latest economic data.

The consumer price index for January will be released next week, but before that, several Fed speakers will speak.