U.S. government debt prices rose on Thursday as investors digested the U.S. Federal Reserve's release of its April minutes and several pieces of data.
The yield on the benchmark 10-year Treasury note, which moves inversely to the price, dipped to 1.846 percent, while the yield on the 30-year Treasury bond also slid to 2.641 percent. Two-year yields fell as well and last traded at 0.879 percent.
Treasurys
The Fed minutes, published Wednesday, pointed to a rate hike in June if economic data improves.
On the data front Thursday, initial jobless claims totaled 278,000, above the expected 275,000. The Philadelphia Fed business index came in at -1.8, well below the expected +3.5 reading.
Leading indicators rose 0.6 percent in April, more than the expected 0.4 percent gain.
Meanwhile, New York Fed President Bill Dudley said a summer rate hike was likely if economic data cooperated.
"To reiterate what some of my colleagues have said, June is definitely a live meeting," he said. "[It] depends on how the economy is going to evolve."