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US Treasury yields extend gains after data releases

Traders in the 10-year bond options pit at the Chicago Board of Trade signal orders.
Frank Polich | Reuters
Traders in the 10-year bond options pit at the Chicago Board of Trade signal orders.

U.S. government debt prices extended losses on Thursday as investors digested a number of economic data sets.

The Consumer Price Index fell 0.2 percent, in line with expectations, while the Empire State Manufacturing survey fell 11.36 percent.

"Rent is raising CPI in the near-term, but when looking at the medium-term factors driving inflation (wages deflated by rent, food and fuel; and the dollar's FX value), everything points to lower prices for the things we like to buy," Steve Blitz, chief economist at ITG Investment Research, said in a note.

Weekly U.S. jobless claims fell by 7,000 to 255,000, revisiting four-decade lows.

The yield on the benchmark 10-year Treasury note sat higher on Thursday at around 2.01 percent, after closing at 1.975 percent on Wednesday.

The yield on the 30-year Treasury bond was also higher, at 2.862 percent, after closing at 2.83 percent.

—CNBC's Patti Domm contributed to this report