Treasury yields rose on Thursday as U.S. President Donald Trump's address indicated that the Iran war would continue for several weeks longer.

The yield on the 10-year Treasury rose more than 5 basis points to 4.372%. The 2-year yield was up more than 4 basis points at 3.849%, while the 30-year Treasury yield climbed more than 5 basis points to 4.953%.

One basis point is equal to 0.01%, and yields and prices move in opposite directions.

In an address to the American people on Wednesday evening, Trump said he expected the war to last another two to three weeks, during which time U.S. forces will "hit" Iran "extremely hard."

U.S. stock futures tumbled as Trump's speech drew to a close, reversing a rally seen in Wall Street's regular session on Wednesday. On Thursday morning, futures data pointed to a notably lower open for New York-listed stocks ahead of the bell.

On Wednesday, payrolls processing firm ADP reported that U.S. employment growth in the private sector was better than expected in March, coming in at 62,000. While that marked a decrease of 4,000 from February's upwardly revised figure, it was above the Dow Jones forecast for 39,000.

Thursday marks the last trading day of the shortened week, as markets are closed for Good Friday. On Thursday morning traders will be watching for initial jobless claims for the week ending March 28, while March's jobs report is set for release on Friday morning.

— CNBC's Lisa Kailai Han and Sean Conlon contributed to this report.