The U.S. Treasury’s 10-year yield declined on Thursday morning, but remained above 1.45%, before a speech by Federal Reserve Chairman Jerome Powell.
The yield on the 10-year reference Treasury note fell to 1.453% at 4am ET. Yield on 30-year Treasury bonds fell to 2.234%. Yields move inversely to prices.
Powell is due to deliver a speech on the United States economy at the Wall Street Journal summit on Jobs at 12.05 pm Eastern Time. Investors will be watching the speech closely for comments on the recent bond sale and inflation concerns.
Weekly data for new unemployment insurance claims in the U.S. is expected to be released at 8:30 am Eastern Time. Economists consulted by Dow Jones are forecasting 750,000 filers for the first time.
Factory order data for January is due to be released at 10am ET.
The auctions will be held on Thursday for $ 30 billion in 4-week accounts and $ 35 billion in 8-week accounts.
– CNBC’s Pippa Stevens contributed to this report.