Treasury yields rose Thursday as the latest jobs data came in stronger than expected.

The yield on the 10-year Treasury note rose by around 4 basis points to 4.14%, after climbing above 4.15%, the highest level since Dec 13. The 2-year Treasury yield was down less than 1 basis point at 4.352%.

Yields and prices move in opposite directions. One basis point equals 0.01%.

The Labor Department reported Thursday that initial jobless claims fell sharply last week, indicating ongoing tightness in the labor market. For the week ended Jan. 13, first-time filings for unemployment insurance totaled 187,000, a decline of 16,000 from the previous period and below the Dow Jones estimate for 208,000.

The claims data follows more strong U.S. figures that put into question how soon the Fed could start cutting interest rates. On Wednesday, December's retail sales data indicated strong consumer demand at the holidays. Retail sales increased 0.6% for the month, above economists' estimates of 0.4%, as compiled by Dow Jones. Excluding autos, sales rose 0.4%, which also topped a 0.2% estimate.

Earlier in the week, yields jumped after comments from Federal Reserve Governor Christopher Waller, who suggested that while the central bank will likely cut rates this year, it may take its time to do so.

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— CNBC's Sarah Min contributed to this report.