The ten-year yield of the US Treasury Department fell on Thursday morning, but remained above 1.45%, before the speech of Federal Reserve Chairman Jerome Powell.
The yield on the reference 10-year treasury note fell to 1.453% at 4 a.m. ET. The yield on the 30-year government bond was reduced to 2,234%. Profitability is moving back in price.
Powell will address the US economy at the Wall Street Journal summit at 12:05 p.m. ET. Investors will follow closely the speech for comments on the recent bond sell-out and inflation concerns.
Weekly data on new U.S. unemployment insurance claims comes out at 8:30 p.m. ET. Economists surveyed by Dow Jones predict 750,000 first-time registrars.
Factory order data for January must be published at 1
Auctions will be held on Thursday for 30 billion 4-week accounts and 35 billion 8-week accounts.
– CNBC’s Pippa Stevens contributed to this report.