The 10-year U.S. Treasury yield was little changed on Thursday morning ahead of a speech from Federal Reserve Chairman Jerome Powell.
The yield on the benchmark 10-year Treasury note fell to 1.471% at 8:35 a.m. ET. The yield on the 30-year Treasury bond was dipped to 2.255%. Yields move inversely to prices.
Powell is set to make a speech about the U.S. economy at the Wall Street Journal Jobs summit at 12:05 p.m. ET. Investors will be watching the speech closely for any comments on the recent bond sell-off and concerns about inflation.
Weekly data for new unemployment insurance claims in the U.S. came in at 745,000 initial claims. Economists surveyed by Dow Jones had projected 750,000 claims.
Factory orders data for January is due to be released at 10 a.m. ET.
Auctions will be held Thursday for $30 billion of 4-week bills and $35 billion of 8-week bills.
— CNBC’s Pippa Stevens contributed to this report.
