treasury yields remained mixed early thursday with the 10year and 30year rates slipping further and shorterend rates slightly higher as initial jobless claims jumped to 222000 and investors continued to assess the us’s first confirmed case of the omicron variant of the coronavirus  what are yields doing   the yield on the 10year treasury note tmubmusd10y was at 1421 down from 1433 at 3 pm eastern on wednesday yields and debt prices move in opposite directions   the 2year treasury yield tmubmusd02y rose to 0595 from 0563 wednessday afternoon   the 30year treasury bond yield tmubmusd30y dropped to 1749 down from 1778 on wednesday yields remained mixed in thursday morning trade following wednesday’s announcement by the us of its first confirmed case of the omicron variant involving a person from california meanwhile data released on thursday showed that initial jobless claims climbed 28000 to 222000 during thanksgiving week  financial markets have been on a rollercoaster ride in recent sessions as investors attempted to come to grips with the prospect of a fasterthanexpected tapering of bond purchases by the federal reserve along with the implications of the omicron variant  on wednesday the 30year treasury yield fell to its lowest level in almost 11 months after the us’s announcement while the 10year rate dropped to its lowest since nov 9 based on 3 pm levels according to dow jones market data  the drop in longdated yields came as rates five years or less remained higher flattening the spread between 2 and 10year rates and the gap between 5 and 30year yields for a second session according to tradeweb data wednesday’s trading included a wild 1000point swing by dow industrials as the us confirmed its first omicron case ushering in an unsettling phase of volatility investors have also been focused on this week’s comments to lawmakers by fed chairman jerome powell who said he said that he doesn’t think the central bank’s plan to pull back on asset purchases should disrupt financial markets powell has also surprised market participants by opening the door to speeding the tapering process when policy makers meet later this month  ahead for later on thursday are appearances by fed gov randal quarles who is set to speak at 11 am eastern time and by fed presidents mary daly and tom barkin who are set to speak about the labor market around 1130 am  friday’s data will include nonfarm payrolls for november what are analysts saying “higher daily volatility has scrambled technical signals for benchmark interest rates” jim vogel executive vice president at fhn financial wrote in a note “the effective range for 10s heading into payrolls is 140155 the potential for moves in that band is 5bp in any given hour” meanwhile “the range for the 5yr is also 15bp from 113128”