bond yields rose on thursday particularly on the long end as investors continued to digest the decision by fitch ratings to downgrade the us credit ratings   the yield on the 2year treasury note bxtmubmusd02y was 49 up 09 basis points yields move in the opposite direction to prices   the yield on the 10year treasury note bxtmubmusd10y was 414 up 51 basis points   the yield on the 30year treasury bond bxtmubmusd30y was 424 up 59 basis points the 10year yield has climbed 12 basis points over the last two days and the 30year yield has climbed 15 basis points “at the heart of wednesday’s move was the us fiscal story” said chris turner head of currency strategy at ing “despite the democrat administration and its supporters in the media decrying fitch’s decision to remove the sovereign’s aaa status on tuesday evening there is genuine concern over us fiscal dynamics” he wrote see fitch cuts us credit rating here’s what you need to know and the fitch move coincided with the us quarterly refunding announcement as 103 billion of 3 10 and 30year bonds will be sold next week he said the rise also came after adp said privatesector payrolls jumped in july ahead of the us government’s nonfarm payrolls report on friday thursday will see data on jobless claims secondquarter productivity and the institute for supply management services index