U.S. Treasury yields edged higher Thursday as bond trading resumed after the Veterans Day closure. The yield on the 10-year note, a benchmark for mortgages, auto loans and credit card debt, rose 2 basis points to 5.0100%. The 2-year yield, which is more sensitive to Federal Reserve interest rate decisions, increased 5 basis points to 4.7800%, while the 30-year yield remained steady at 5.3503%. Investors are awaiting October producer prices, with a 0.4% increase expected following September’s 1.3% surge, along with existing home sales, estimated at 4 million for the month. Oil prices were broadly flat, with West Texas Intermediate at $86.59 a barrel and Brent at $92.92, as Middle East negotiations remained deadlocked.
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