Treasury yields higher ahead of jobless claims

Donnerstag, 27. Mai 2021 11:30

Treasury yields rose on Thursday ahead of the initial jobless claims report for last week and preliminary first-quarter GDP figures.

Given repeated statements from the Federal Reserve officials that they want to see the labor market at maximum strength before adjusting the central bank's policy, investors will be closely monitoring the upcoming jobs data.

The yield on the benchmark 10-year Treasury note was up 1.2 basis points to 1.590% at 5:10 am ET, while the yield on the 30-year Treasury bond rose 1.1 basis points to 2.273%. At the same time, 10-year T-note futures were flat, while 30-year bond futures were down 0.12%.

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Breaking the News / JC