Treasury Yields Rise After GDP Growth Beats Expectations

Treasury yields rose Thursday after the Commerce Department said the U.S. economy grew at a faster pace in the second quarter than initially estimated. Meanwhile, the Labor Department said that new applications for unemployment benefits fell for the first time in four weeks. The 10-year yield rose 1.9 basis point to 2.191%, its highest level since Aug. 18. The yield on the two-year note gained 3.9 basis points to 0.703% and the 30-year yield inched 0.1 basis point higher to 2.932%.