Treasury yields rose slightly on Thursday as traders digested the weekly jobs claims number which came in better than expected.

The yield on the benchmark 10-year Treasury note, which moves inversely to price, climbed slightly to around 1.655%, while the yield on the 30-year Treasury bond was flat at around 2.125%.

Initial claims for state unemployment benefits decreased 15,000 to a seasonally adjusted 202,000 for the week ended Feb. 1, the lowest reading since last April, the Labor Department said on Thursday.

Yields also got a boost earlier in the session after China announced it would halve tariffs on $75 billion worth of U.S. imports. China’s Ministry of Finance said Thursday that U.S. goods with a tariff rate of 10% would be

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