Treasury yield fell slightly on Thursday as investors monitored progress toward a smaller coronavirus aid bill and awaited key jobs data.
Earlier this week, the 10-year and 30-year yields hit their highest levels since June.
Last week’s jobless claims figures are expected at 8:30 a.m. ET, with initial filings expected to come in at 820,000, according to a Reuters poll of economists, down from the previous week’s 837,000.
Investors also have an eye on progress toward a partial stimulus deal to aid some sectors of the economy, such as the airline industry, after President Donald Trump torpedoed talks on a comprehensive aid package.
Minutes published Wednesday from September’s meeting of the Federal Reserve’s Federal Open Market Committee (FOMC) revealed policymakers were divided on how to apply a new monetary policy strategy in the face of a uniquely uncertain economic outlook.
Auctions will be held Thursday for $30 billion of 4-week Treasury bills, $35 billion of 8-week bills and $23 billion of 30-year bonds.
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