US Treasury (UST) yields rose in trading Thursday, ahead of the release of jobless claims data. The 10-year UST yield rose to 1.59%, with the 30-year UST rising to 2.27%. Market participants project that as many as 425 thousand citizens of the United States (US) have applied for unemployment benefits in the third week of May. The previous week, jobless claims hit a record low during the pandemic, at 444,000 claims. Domestically, the yield on the benchmark series Government Securities (SUN) closed mixed, with the 10-year FR0087 relatively flat at 6.42 percent, according to Bloomberg data.
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