The 10-year yield on the US Treasury fell on Thursday morning, but remained above 1.45%, ahead of a speech by Federal Reserve Chairman Jerome Powell.
The yield on the 10-year treasury note fell to 1.453% at 4 a.m. ET. The yield on the 30-year treasury bond decreased to 2.234%. Yields move in the opposite direction to prices.
Powell will give a speech on the US economy at the Wall Street Journal Jobs summit at 12:05 ET. Investors will closely follow the speech for any comments on the recent sale of bonds and inflation concerns.
Weekly data for new US unemployment insurance claims are published at 8:30 AM ET. Economists surveyed by the Dow Jones forecast 750,000 applicants for the first time.
Factory order dates for January are set to be released at 10 a.m. ET.
Auctions will take place on Thursday for $ 30 billion in 4-week bills and $ 35 billion in 8-week bills.
– CNBC’s Pippa Stevens contributed to the report.