The 10-year U.S. Treasury yield fell slightly on Thursday amid the release of weekly jobless claims data.
Data out Thursday showed U.S. employment picture improved sharply last week, with first-time claims for unemployment insurance hitting a fresh pandemic-era low.
Initial claims totaled 498,000 for the week ended March 1, against the Dow Jones estimate of 527,000. That was down from the previous week's upwardly revised total of 590,000.
This follows the private payroll data released Wednesday, which showed 742,000 new jobs were added in April, though this was just below the 800,000 forecast from economists surveyed by Dow Jones.
April's nonfarm payroll is due out Friday.
Auctions are scheduled to be held Thursday for $40 billion of 4-week bills and $40 billion of 8-week bills.