10-year US Treasury yields fell Thursday morning but remained above 1.45% pending a speech by Federal Reserve Chairman Jerome Powell.
The yield on the benchmark 10-year Treasury bill fell to 1.453% at 4 a.m. ET. The yield on the 30-year government bond fell to 2.234%. Revenues move inversely with prices.
Powell will deliver a speech on the US economy at the Wall Street Journal Jobs summit at 12:05 a.m. ET. Investors will be watching the speech closely for any comments on the recent bond sell-off and concerns about inflation.
Weekly data for new US unemployment insurance claims is expected at 8:30 a.m. ET. Economists polled by Dow Jones predict 750,000 new stocks.
Factory order data for January will be released at 10 a.m.ET.
Auctions will be held Thursday for $ 30 billion in four-week bills and $ 35 billion in eight-week bills.
CNBC’s Pippa Stevens contributed to this report.