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US Treasurys higher amid uncertainty over Trump's dollar remark

Bond traders at CME Group
Getty Images

U.S. government debt prices were broadly higher on Thursday after President Donald Trump told the Wall Street Journal that the dollar was getting "too strong."

Trump's comments sent the dollar reeling, with the greenback hitting its lowest level of the month against a basket of currencies. The remarks also added jitters to an already nervous market, as investors continue to weigh where the administration's priorities are.

The yield on the benchmark 10-year Treasury note was lower at around 2.232 percent after hitting its lowest level since Nov. 17. The yield on the 30-year Treasury bond was also lower at 2.888 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, jobless claims came in at 234,000, below expectations, while March PPI declined 0.1 percent. Consumer sentiment for April came in at 98, slightly above than the expected print of 96.5.

In oil markets, Brent crude traded at around $55.70 a barrel on Thursday, down 0.29 percent, while U.S. crude was around $53.02 a barrel, up 0.17 percent.