Yields on 10-year Treasury bonds decline following a previous session where they surpassed 4.25%.

On Thursday, the yield on the 10-year Treasury decreased, reversing its previous gains that exceeded the 4.25% threshold, as traders continue to analyze the path of interest rate cuts.

The yield decreased by more than 4 basis points to 4.1958%, while the fell by over 3 basis points to 4.0466%.

Yields move inversely to prices. One basis point equals 0.01%.

On Thursday, investors will focus on the release of initial jobless claims and flash purchasing managers index (PMI) data.

The future path of interest rates will be closely monitored through the comments of Federal Reserve policymaker Beth Hammack, as traders are concerned that the central bank may opt for a slower pace of cuts.