Long-duration Treasury yields rose on Thursday ahead of a key Jobs Report, with the yield on the 10-year Treasury reaching a 16-year high of 4.884% on Wednesday before climbing 3 basis points to 4.759% on Thursday. The yield on the 30-year Treasury also increased by 7 basis points to 4.923%. Initial filings for unemployment benefits remained low, indicating employers are not looking to cut jobs. Traders are awaiting Friday's U.S. jobs report, with economists expecting the economy to have added 170,000 jobs in September. The report could influence the Federal Reserve's decision on interest rate hikes.

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