U.S. Treasury yields fell on Thursday morning, ahead of the release of data showing new unemployment insurance claims and job openings.
The yield on the benchmark 10-year Treasury note dropped to 1.48% at 4 a.m. ET. The yield on the 30-year Treasury bond dipped to 2.221%. Yields move inversely to prices.
Treasury yields continued to move lower, following a key 10-year Treasury auction which eased investor concerns about a fall in demand for government debt.
Investors will be keeping an eye on Thursday’s auction of $24 billion of 30-year bonds, as a gauge for demand on longer duration government debt. Auctions will also be held Thursday for $30 billion of 4-week bills and $35 billion of 8-week bills.
Weekly jobless claims data is due out at 8:30 a.m. ET on Thursday, with economists surveyed by Dow Jones expecting 725,000 new claims.
Data showing the number of job openings in January is expected to be released at 10 a.m. ET.
— CNBC’s Jesse Pound contributed to this report.
