Treasury yields mixed ahead of jobless claims data

SourceCNBC
SectorFinancial Markets
CountryMiddle east

The yield on the benchmark 10-year Treasury note fell to 1.653% at 5 a.m. ET. The yield on the 30-year Treasury bond rose to 2.337%. Yields move inversely to prices. U.S.

Treasury yields were mixed on Thursday morning, ahead of the release of weekly jobless claims data. Investors will likely be poring over the Labor Department's latest update on jobless claims, due out at 8:30 a.m. ET, in light of last week's blockbuster payroll report. Economists polled by Dow Jones expect first-time unemployment insurance claims to total 694,000 for the week ended April 3. Yields have been rising recently over concerns about inflation, amid economic recovery from the coronavirus pandemic. However, the Federal Reserve indicated in its March policy meeting that it would let inflation run above its long-range target of 2%, if it helps achieve full employment. Minutes from the Fed's March meeting, released on Wednesday, confirmed that it would keep its accommodative policy in place until economic "outcomes" were achieved. Sarah Hewin, head...read more...