The ten-year U.S. Treasury yield relaxed on Thursday morning, but remained above 1.45%, ahead of a speech by Federal Reserve Chairman Jerome Powell.
The yield on the 10-year reference cash note fell to 1.453% at 4 a.m. ET. The yield on the 30-year Treasury bond fell to 2.234%. Yields are reversed to prices.
Powell will give a speech on the U.S. economy at the Wall Street Journal Jobs summit at 12:05 pm ET. Investors will watch the speech closely for comments on recent bond sales and inflation concerns.
Weekly data on new unemployment insurance claims in the U.S. is due to be posted at 8:30 am ET. Economists surveyed by Dow Jones predict 750,000 users presenting for the first time.
January factory order data is due at 10 a.m. (ET).
Auctions will be held on Thursday for 4-week bills of $ 30 billion and 8-week bills for $ 35 billion.
– CNBC’s Pippa Stevens contributed to this report.