U.S. government debt prices extended losses on Thursday, as investors digested key data releases, while keeping an eye on the central bank space.
The yield on the benchmark 10-year Treasury note sat higher at around 2.27 percent at 2:35 p.m. ET, while the yield on the 30-year Treasury bond was up at 2.819 percent. Bond yields move inversely to prices.
In data news, the final read on first-quarter U.S. GDP showed the economy grew at an annualized rate of 1.4 percent, more than the previous read of 1.2 percent annualized growth. Meanwhile, weekly jobless claims came in at 244,000, slightly above expectations.
Central bank-wise, investors are expected to be keeping an eye on central banks in Europe and the U.S., as well as moves in the currency space.
On Wednesday, Reuters reported citing sources familiar with the matter, that the European Central Bank's President Mario Draghi intended to signal tolerance for a period of weaker inflation during his speech on Tuesday, rather than an imminent policy tightening.
Meanwhile, Bank of England Governor Mark Carney said on Wednesday the central bank was likely to need to increase interest rates, adding that it would debate this "in the coming months".
St. Louis Fed President James Bullard said in London that the U.S. is in a low-growth, low-inflation, low-rate regime.
Still, "the market believes the Fed will follow through with its plan to raise once more this year," said Ninh Chung, head of investment strategy and portfolio management at Silicon Valley Bank. "At the same time, it is less optimistic about economic growth."
—CNBC's Fred Imbert and Reuters contributed to this report.