Market Reacts to Positive Economic Indicators

United States Treasury yields experienced a significant rebound on Thursday, reversing earlier losses. This shift followed the US Department of Labor's report, which revealed a surprising drop in initial jobless claims by 3,000 to 224,000 last week, contrary to analysts' expectations of an increase.

Investors Digest Producer Prices and Geopolitical Developments

Market participants also evaluated the latest producer prices report and US President Donald Trump's comments regarding a potential deal with Russian President Vladimir Putin. These developments come ahead of their anticipated summit in Alaska.

Yield Movements Highlight Market Sentiment

The two-year bond yield, after hitting a four-month low earlier in the day, surged by seven basis points to 3.753%. Similarly, the 10-year note and 30-year bond yields saw increases, climbing to 4.299% and 4.885%, respectively, reflecting a robust market response to the day's events.