U.S. Treasury yields rose during Asian trading hours as markets continued to bet on a Federal Reserve rate cut.

Odaily Planet Daily reports that U.S. Treasury yields rose in Asian trading, reversing Wednesday's losses, but remained within their recent range. Initial jobless claims data for this week will be released this afternoon, serving as a potentially important input ahead of the Federal Reserve's December interest rate decision. According to LSEG data, the money market continues to bet on a rate cut, pricing in an 85% probability of a 25 basis point cut. Wednesday's ADP private sector employment data was weak, showing an unexpected decline in employment in November. According to Tradeweb data, the two-year Treasury yield rose 1.8 basis points to 3.503%, and the 10-year Treasury yield rose 2.5 basis points to 4.082%. (Jinshi)