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US bonds rise as Street digests Fed minutes, data

Bond traders at CME Group
Getty Images

U.S. government debt prices were higher on Thursday as investors digested the release of data and the minutes of the last Fed meeting.

The yield on the benchmark 10-year Treasury note sat lower at 1.5279 percent, while the yield on the 30-year Treasury bond was also lower, at 2.2529 percent.

The July minutes, released Wednesday afternoon, showed a divided Fed, worried about inflation and split over the strength of the economy. That now makes December its best and probably only chance for a rate hike this year, strategists said.


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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On the data front, weekly jobless claims fell 4,000 to 262,000, while the August Philadelphia Fed business index came in line with expectations. Leading indicators are set to be released at 10 a.m.

Fed speakers on Thursday include San Francisco Fed President John Williams, Dallas Fed President Robert Kaplan, and New York Fed President William Dudley.

In oil markets, Brent crude traded at $51.00 a barrel on Thursday, up 2.33 percent, while U.S. crude was at $48.26 a barrel, up 3.14 percent.

—CNBC's Patti Domm contributed to this report