U.S. government debt prices were lower on Thursday as investors digested the release of a host of data — the last big blast before the U.S. Federal Reserve meets next week.
Reuters reported that in the early afternoon the five-year, 30-year yield curve steepened to 129.70 basis points, it steepest level since June 27.
Initial jobless claims came in at 260,000, slightly below expectations, while August PPI came in unchanged, missing expectations. Retail sales for August missed expectations, falling more than expected. Meanwhile, industrial production fell 0.4 percent in August, more than the expected 0.3 percent slide. Business inventories for July came in unchanged versus an estimated rise of 0.1 percent.