Treasury yields edge higher as investors await fresh inflation and housing data

U.S. Treasury yields rose Thursday as bond markets reopened after Veterans Day and investors awaited new inflation and housing data.

The 10-year Treasury note yield, which affects mortgage rates, auto loans, and credit card rates, climbed 2 basis points to 5.0100%. The 2-year Treasury note yield moved up 5 basis points to 4.7800%. The 30-year Treasury note yield held steady at 5.3503%.

Traders are watching for October producer price inflation data due Friday, which is expected to show a 0.4% monthly rise, down from September's 1.3% increase. The National Association of Realtors is set to release October existing home sales data Thursday. September existing home sales rose 1.5% to 3.99 million units, and Trading Economics estimates October sales may reach 4 million units.

Oil prices moved minimally Thursday. U.S. West Texas Intermediate crude gained less than 0.1% to $86.59 a barrel, while Brent crude rose 0.17% to $92.92.