The yield on the 10-year US Treasury note remained above the 4.1% threshold on Wednesday, holding the rebound from the one-year low of 3.95% from late October amid increasing bets that the Federal Reserve will refrain from cutting rates next month. Minutes from the FOMC’s last meeting confirmed the policymakers' growing division on the appropriate level for interest rates, with key members suggesting that higher inflation may warrant a hold in December. Bets of a hold next month also increased after the BLS stated it would only release November jobs data after the FOMC’s decision. The first batch of unemployment claims data published by the Department of Labor indicated some degree of stability in new unemployment levels, easing concerns of an uncontrolled weakening in the labor market suggested by private surveys. Private surveys also reflected evidence of stickier inflation, backing hawks in the FOMC.