The 10-year Treasury yield remains close to 4.15% due to new job data.

The latest jobs data came in stronger than expected, causing Treasury yields to rise on Thursday.

The yield on the note increased by approximately 0.4% to 4.14%, surpassing the highest level since December 13. Despite a slight decrease, the yield remained at 4.352%.

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

The labor market remains tight, as indicated by the Labor Department's report that initial jobless claims decreased sharply last week. Specifically, first-time filings for unemployment insurance totaled 187,000 for the week ended Jan. 13, which was a decline of 16,000 from the previous period and below the Dow Jones estimate of 208,000.

On Wednesday, December's retail sales data showed strong consumer demand at the holidays, with sales increasing 0.6% for the month, above economists' estimates of 0.4%, as compiled by Dow Jones. Additionally, excluding autos, sales rose 0.4%, which also exceeded a 0.2% estimate. This data raises questions about how soon the Fed could start cutting interest rates.

This week, yields increased following remarks from Federal Reserve Governor Christopher Waller, who indicated that although the central bank is likely to reduce rates in 2021, it may do so gradually.

— CNBC’s Sarah Min contributed to this report.