U.S. Treasury yields rise as traders eye upcoming inflation and housing reports

U.S. Treasury yields edged higher on Thursday as bond trading resumed after a holiday closure for Veterans Day. Investors are awaiting key domestic reports, including a monthly producer price inflation print and a home sales report from the National Association of Realtors, to gain fresh insights into the economy. The 10-year U.S. Treasury note yield rose 2 basis points to 5.0100%, while the 2-year note yield increased 5 basis points to 4.7800%. Meanwhile, the longer-dated 30-year Treasury note yield remained steady at 5.3503%. Traders are examining these figures and impending economic data releases for clues regarding the direction of the broader U.S. economy and the Federal Reserve's next interest rate decisions. Additionally, oil prices remained broadly flat in early trading as Middle East negotiations stayed deadlocked.