Treasury yields rose Thursday morning as investors awaited new data on jobless claims. The yield on the 10-year Treasury jumped 4 basis points 4.627%. The 2-year Treasury traded 1 basis point higher at 4.

Foreign interest in Treasurys has been falling, with China and Japan reducing holdings, reducing demand for the instruments. Reduced demand with increased supply means lower prices and higher yields. Third, the U.S. economy seems healthy with little apparent chance of a recession to cool things down.