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US Treasury yields climb ahead of fresh economic data

Initial claims for state unemployment benefits slipped by 2,000 to a seasonally adjusted 212,000 for the week ended Aug. 11, according to the U.S. Labor Department. U.S. government debt yields ticked higher on Thursday on hopes for trade talks between the U.S. and China and after the government said the number of Americans filing for unemployment benefits fell for a second straight week.