US Treasury yields rise as stocks stabilize ahead of Thanksgiving holiday

U.S. government debt yields rose on Wednesday as stability in equities ahead of the Thanksgiving holiday curbed a pivot into the relative safety of the government debt market. The yield on the benchmark 10-year Treasury note , which moves inversely to price, was higher at around 3.065 percent, while the yield on the 30-year Treasury bond was also higher at 3.317 percent. The uptick in Treasury rates comes after a second consecutive session of sharp losses on Wall Street, with energy shares dropping with oil prices and retailers tumbling after weaker-than-expected earnings and forecasts.