Treasury yields remain flat after better-than-expected jobless claims data
U.S. Treasury yields held steady on Thursday as investors digested the release of weekly jobless claims data.
The yield on the benchmark 10-year Treasury note was little changed at 1.58%. The yield on the 30-year Treasury bond was also flat at 2.26%. Yields move inversely to prices.
The Labor Department said Thursday that first-time claims for unemployment insurance totaled 547,000, which was below the Dow Jones estimate for 603,000.
The Chicago Fed National Activity Index for March, which gauges economic activity and related inflationary pressure, is also set to come out at 8:30 a.m. ET.
Existing home sales data for March is then due to be released at 10 a.m. ET.
An auction of $24 billion 20-year bonds on Wednesday showed strong demand, according to a Reuters report.
Auctions are scheduled to be held Thursday for $40 billion of 4-week bills, $40 billion of 8-week bills and $18 billion of 5-year Treasury inflation-protected securities.