Ten-year U.S. Treasury yields declined Thursday morning, but remained above 1.45% ahead of a speech by Federal Reserve Chairman Jerome Powell.
The yield on the standard 10-year treasury note dropped to 1.453% at 4 a.m. ET. The return on the 30-year treasury bond fell to 2.234%. Yields move inversely to prices.
Powell will deliver a speech on the U.S. economy at the Wall Street Journal Jobs Summit at 12:05 ET. Investors will be watching the speech closely for comments on the recent sell-off of bonds and concerns about inflation.
Weekly data for new unemployment insurance claims in the US should be issued at 08:30 ET. Economists polled by Dow Jones forecast 750,000 first-time files.
The factory order data for January will be at 10:00 am.
Auctions are being held Thursday for $ 30 billion in four-week accounts and $ 35 billion in 8-week accounts.
– CNipp’s Pippa Stevens contributed to this report.