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US Treasury yields tick lower as investors await economic data, auctions

Sam Meredith
  • At around 03:15 a.m. ET, the yield on the benchmark 10-year Treasury note, which moves inversely to price, was lower at around 2.3714%, while the yield on the 30-year Treasury bond was also lower at around 2.7984%.
  • The U.S. Treasury is set to auction $45 billion in 4-week bills, $35 billion in 8-week bills and $11 billion in 9-year-and-8-month Treasury Inflation-Protected Securities (TIPS).

U.S. government debt prices  were higher Friday morning, as investors prepared for a deluge of economic data and Treasury auctions.


At around 03:15 a.m. ET, the yield on the benchmark 10-year Treasury note, which moves inversely to price, was lower at around 2.3714%, while the yield on the 30-year Treasury bond was also lower at around 2.7984%.

Market participants are likely to monitor a flurry of economic data reports on Thursday. The latest weekly jobless claims data is set to be published at around 8:30 a.m. ET, followed by a flash reading of manufacturing and services PMI data for May.

New home sales for April and Kansas City Fed survey figures for May are both scheduled for release later in the session.

Meanwhile, the U.S. Treasury is set to auction $45 billion in 4-week bills, $35 billion in 8-week bills and $11 billion in 9-year-and-8-month Treasury Inflation-Protected Securities (TIPS).

On Wednesday, minutes from the Federal Reserve 's latest meeting showed that officials agreed their current patient approach to setting monetary policy could remain in place " for some time ."

It marked another sign for investors that policymakers at the U.S. central bank see little need to change rates Tin either direction.



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