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US Treasurys rise after release of economic data

Traders in the 10-year bond options pit at the Chicago Board of Trade signal orders.
Frank Polich | Reuters
Traders in the 10-year bond options pit at the Chicago Board of Trade signal orders.

U.S. government debt prices were higher on Thursday as investors digested the release of data.

The yield on the benchmark 10-year Treasury note was lower at around 2.474 percent, while the yield on the 30-year Treasury bond was higher at 3.091 percent. Yields move inversely to prices.


Symbol
Yield
 
Change
%Change
US 3-MO
---
US 1-YR
---
US 2-YR
---
US 5-YR
---
US 10-YR
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US 30-YR
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On the data front, initial jobless claims fell 14,000 to 246,000. The print is also below a consensus estimate of 250,000. Fourth-quarter non-farm productivity rose 1.3 percent. Investors also looked ahead to the January jobs report, which is scheduled for release Friday morning.

Treasurys fell slightly on Wednesday after the Federal Reserve kept interest rates unchanged.

Overseas, UK government bond yields traded lower after the Bank of England also kept interest rates steady. The 10-year gilt yielded 1.38 percent, while the two-year gilt yield traded at 0.106 percent.

In oil markets Thursday, Brent crude was around $56.71 a barrel, down 0.09 percent, while U.S. crude was at $53.64 a barrel, down 0.45 percent.