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US Treasury yields edged up Thursday morning, ahead of the release of weekly jobless claims data.
The benchmark 10-year Treasury bill yield rose less than a basis point to 1.306% at 3:45 am ET. The yield on 30-year Treasury bonds rose less than a basis point to 1.871%. Yields move in the opposite direction of prices and 1 basis point equals 0.01%.
The Labor Department is due to release the number of jobless claims filed during the week ended Sept. 11 at 8:30 a.m. ET. Economists polled by Dow Jones expect a total of 320,000 Americans to file for unemployment insurance last week.
The Federal Reserve is monitoring the labor market recovery to help decide when it will start cutting back on asset purchases.
Inflation is another economic indicator the Fed uses to determine its monetary policy timetable, and data released on Tuesday showed weaker price growth in August. This saw yields fall as colder-than-expected inflation data dampened expectations that the Fed would end its bond buying program imminently.
August retail sales data is also expected to be released at 8:30 a.m. ET.
Auctions will take place on Thursday for $ 15 billion in 4-week bills and $ 30 billion in 8-week bills.
– CNBC’s Yun Li contributed to this market report.
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