U.S. government debt prices rose on Thursday, as investors digested U.S. employment data and as global equity markets slipped.
The yield on the benchmark 10-year Treasury note fell to 1.695 percent, after hitting its lowest level since March 1. The yield on the 30-year Treasury bond also dipped to 2.517 percent, after falling to a Feb. 24 low. Two-year yields were also lower, trading at 0.696 percent, and hit a Feb. 24 low earlier in the session.
U.S. weekly jobless claims fell 9,000 to 267,000. Economists polled by Reuters expected the number to come in at 270,000.
"Bottom line, the story remains the same with the current pace of firing's pretty muted outside of the oil/gas and manufacturing sectors," Peter Boockvar, chief market analyst at The Lindsey Group said in a note.
Consumer credit data are due at 3 p.m. ET.