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US Treasurys edge lower as bond investors take in data deluge

U.S. government debt prices were lower on Thursday as investors took in the latest batch of economic data.

The yield on the benchmark 10-year Treasury notes, which moves inversely to price, was higher at around 2.225 percent, while the yield on the 30-year Treasury bond was also higher at 2.881 percent.

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 came in at 248,000, above a forecast of 239,000.

Other data released Thursday included the ISM manufacturing index for May, which came in at 54.9, just below an estimate of 55.0. April construction spending fell 1.4 percent with economists forecasting a gain of 0.5 percent.

Auto companies, meanwhile, released monthly vehicle sales throughout the day.

Earlier on Thursday, private payrolls surged by 253,000 in May, easily topping expectations, according to a report from ADP and Moody's Analytics. The report was expected to show 185,000 jobs added in May.

The batch of data is important since second quarter data has been spotty, even though economists still expect a 3 percent growth rate. The rush of reports on Thursday comes ahead of the most important data this week: the May employment report on Friday.

—CNBC's Patti Domm contributed to this report