U.S. Treasury yields rose slightly Thursday morning, ahead of the release of weekly unemployment claims data.
The yield on the 10-year benchmark treasury note rose less than one basis point to 1.306% at 3:45 am ET. The yield on the 30-year Treasury bond totaled less than one basis point and advanced to 1.871%. Yields move inversely to prices and a basis point equals 0.01%.
The Department of Labor is due to release the number of unemployment claims filed during the week ending Sept. 11 at 8:30 a.m. ET. Economists surveyed by Dow Jones expected a total of 320,000 Americans to take out unemployment insurance last week.
The Federal Reserve is overseeing the job market recovery to help decide when to start reducing its asset purchases.
Inflation is another economic indicator used by the Fed to determine the timing of its monetary policy, and data released on Tuesday showed softer price growth in August. This meant yields were falling, as colder-than-expected inflation data eased expectations that the Fed would end its bond-buying program imminently.
August retail sales data will also be posted at 8:30 am ET.
Auctions for $ 15 billion on 4-week bills and $ 30 billion on 8-week bills will be held on Thursday.
– CNBC’s Yun Li contributed to this market report.