The 10-year U.S. Treasury yield continued its ascent above the 1% mark on Thursday morning, following a projected win for the Democrats of two Senate seats in the Georgia runoff elections.The yield on the benchmark 10-year Treasury note rose to 1.063% at 3:40 a.m. ET, while the yield on the 30-year Treasury bond jumped to 1.847%. Yields move inversely to prices.Treasury yields extended gains from the previous session, with Congress having confirmed the election of Joe Biden as president on Thursday morning.This comes a day after dramatic scenes of rioters backing President Donald Trump storming the Capitol building on Wednesday.This was after Trump, during a rally earlier in the day outside the White House, encouraged thousands of his supporters to march to the Capitol to protest the confirmation of Joe Biden as the next president. The count of electoral votes eventually resumed.Prior to the Capitol invasion, NBC News had projected Democrat Jon Ossoff beat Republican David Perdue in one of Georgia’s Senate seat runoffs.This followed Democrat Raphael Warnock’s projected defeat of Republican Sen. Kelly Loeffler for Georgia’s other Senate seat.These projected victories give the Democrats a slim majority in the Senate, with a 50-50 seat split and Vice President-elect Kamala Harris as the tiebreaking vote. This means the Democrats will have unified control of Congress and the White House, as Biden takes office.Meanwhile, minutes from the U.S. Federal Reserve’s most recent meeting, released Wednesday, showed the central bank will give the public plenty of notice before cutting back on its bond-buying program.On Thursday, the balance of trade data for November, showing the difference between the value of the U.S. exports and imports, is expected out at 8:30 a.m. ET. Jobless claims are also due out at this time.December ISM non-manufacturing figures are to be released at 10 a.m. ET.Patrick Harker, president of the Federal Reserve Bank of Philadelphia, will make a speech at 9 a.m. ET. St. Louis Fed President James Bullard is due to speak at 12 p.m., followed by Chicago Fed President Charles Evans at 1 p.m. ET.Auctions will be held Thursday for $30 billion of 4-week bills and $35 billion of 8-week bills.— CNBC’s Amanda Macias and Dan Mangan contributed to this report.