{"id":107346,"date":"2021-02-18T09:41:17","date_gmt":"2021-02-18T09:41:17","guid":{"rendered":"https:\/\/fin2me.com\/?p=107346"},"modified":"2021-02-18T09:41:17","modified_gmt":"2021-02-18T09:41:17","slug":"treasury-yields-fall-ahead-of-jobless-claims-data","status":"publish","type":"post","link":"https:\/\/fin2me.com\/markets\/treasury-yields-fall-ahead-of-jobless-claims-data\/","title":{"rendered":"Treasury yields fall ahead of jobless claims data"},"content":{"rendered":"
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A weekly update on first-time unemployment insurance claims is due out at 8:30 a.m. ET.<\/li>\n
Economists surveyed by Dow Jones are expecting 773,000 new claims, a slight decrease from the prior week.<\/li>\n
Wells Fargo strategists said in a note on Wednesday that demand for $27 billion worth of 20-year bonds was "weak from nearly all perspectives."<\/li>\n<\/ul>\n
U.S. Treasury yields fell on Thursday morning, ahead of the release of weekly jobless claims data.<\/p>\n
The yield on the benchmark 10-year Treasury note fell to 1.286% at 3:45 a.m. ET, while the yield on the 30-year Treasury bond dipped to 2.056%. Yields move inversely to prices.<\/p>\n
Treasurys<\/h3>\n
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Treasury yields dipped ahead of the weekly update on first-time unemployment insurance claims, due out at 8:30 a.m. ET. Economists surveyed by Dow Jones are expecting 773,000 new claims, a slight decrease from the prior week.<\/p>\n
Yields were also lower despite jumps in retail sales and producer prices in data released on Wednesday, stoking inflation fears.<\/p>\n
Meanwhile, an auction for $27 billion worth of 20-year bonds on Wednesday was "weak from nearly all perspectives," Wells Fargo strategists said in a note. "Today's auction was a key barometer for the demand for duration near new highs on yields over the past year," the strategists said.<\/p>\n
Traders will be keeping an eye on other economic data out Thursday, including changes in export and import prices in January, due to be published at 8:30 a.m. ET. The number of building permits authorized, as well as the number of new house construction projects started last month are expected out at the same time.<\/p>\n
Fed Reserve Governor Lael Brainard is set to make a speech at the U.S. Climate Finance Summit at 8 a.m. ET.<\/p>\n
Auctions will be held Thursday for $30 billion worth of four-week bills, $35 billion of eight-week bills and $9 billion of 30-year Treasury inflation-protected securities.<\/p>\n
\u2014 CNBC's Jesse Pound contributed to this report.<\/em><\/p>\n