11:53 AM EST, 01/09/2025 (MT Newswires) -- US government bond yields declined in shortened trading on Thursday, while crude oil futures rose and the dollar weakened against the Japanese yen.

The US 10-year Treasury yield dropped 3.6 basis points to 4.66%, retreating from its highest since late April scaled earlier this week. The two-year yield fell 3.1 basis points to 4.26%.

Major US exchanges, including the New York Stock Exchange and Nasdaq 100, fully closed equity and options markets to observe a National Day of Mourning in honor of former US President Jimmy Carter, according to an IG market update. The bond market will operate on a shortened schedule, closing early at 2 pm ET. Forex trading remains unaffected, and US metals and energy commodities will follow regular trading schedules.

West Texas Intermediate crude oil futures advanced 1% to $74.03 a barrel.

In economic news, the Philadelphia Federal Reserve's December manufacturing index was revised up to minus 10.9 from minus 16.4 and followed a revised minus 4.4 in November, annual data released Thursday showed. The January Philadelphia Fed manufacturing index is due Jan. 16.

In company news, the Dutch government said it is discussing with Nvidia ( NVDA ) and Advanced Micro Devices ( AMD ) setting up an artificial intelligence facility in the Netherlands.

Separately, Super Micro Computer (SMCI) said it is beginning volume shipments of new high-performance servers equipped with Intel's ( INTC ) Xeon 6900 series processors.