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US Treasurys down after of jobless data; oil eyed

U.S. sovereign bonds amid a wave of "risk-on" sentiment in equity markets and as investors awaited a slew of new data.

Yields have extended gains after hitting multi-week intraday highs during Wednesday's session. The yield on the benchmark 10-year Treasury note, which moves inversely to its price, moved higher to 1.8683 percent, while the yield on the 30-year Treasury bond rose to 2.6939 percent.

Oil prices were lower, with WTI settling 2.3 percent lower and Brent falling 2.5 percent. This after both benchmarks closed higher by around 4 percent on Wednesday.

Symbol
Yield
 
Change
%Change
US 3-MO
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US 1-YR
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US 2-YR
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US 5-YR
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US 10-YR
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US 30-YR
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Jobless claims for the week ending April 16 totaled 247,000, well below the expected 264,000.

Meanwhile, the Philadelphia Fed's Business Outlook index came in at -1.6. Economists expected a drop to 10.0 in April from 12.4 in February.

Leading indicators for March rose 0.2 percent, more than the expected 0.1 percent increase.