Treasury yields rise as Street digests data

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U.S. government debt prices were lower on Thursday morning as investors digested the release of several pieces of data.

The yield on the benchmark 10-year Treasury note sat lower at around 1.56 percent, while the yield on the 30-year Treasury bond was higher at 2.30 percent.


On the data front, weekly jobless claims slipped 1,000 to a seasonally adjusted 253,000 for the week ended July 16. U.S. home resales hit a 9-year high, while leading indicators recovered in June, rising 0.3 percent.

In oil markets, Brent crude traded at around $46.11 a barrel on Thursday, down 2.25 percent, while U.S. crude was at around $44.71, down 2.27 percent.

An auction of $13 billion in 10-year TIPS is expected on Thursday.