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US Treasurys prices mostly lower after Fed rate hike

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Scott Olson | Getty Images

U.S. government debt prices were lower on Thursday morning as investors eyed a big batch of data and digested the U.S. Federal Reserve's decision to increase interest rates.

The central bank raised interest rates by 0.25 points and signaled two more hikes this year.

The yield on the benchmark 10-year Treasury note was higher at around 2.533 percent, while the yield on the 30-year Treasury bond was also higher at 3.14 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
---
US 30-YR
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On the data front, initiall claims for state unemployment benefits dropped 2,000 to a seasonally adjusted 241,000 for the week ended March 11, the Labor Department said on Thursday.

The Commerce Department said Thursday housing starts rose 3 percent last month to a seasonally adjusted annual rate of 1.3 million.

In oil markets, Brent crude traded at around $51.68 a barrel on Thursday morning, down 0.25 percent, while U.S. crude was around $48.74 a barrel, up 0.29 percent.