U.S. Treasury yields held steady on Thursday as investors digested the release of weekly jobless claims data.
The yield on the benchmark 10-year Treasury note was little changed at 1.58%. The yield on the 30-year Treasury bond was also flat at 2.26%. Yields move inversely to prices.
The Labor Department said Thursday that first-time claims for unemployment insurance totaled 547,000, which was below the Dow Jones estimate for 603,000.
Meanwhile, closed sales of existing homes fell 3.7% in March to a seasonally adjusted annualized rate of 6.01 million units, according to the National Association of Realtors. That is the slowest sales pace since August and the second straight month of declines.
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Still, sales were 12.3% higher than March 2020, when transactions were falling due to the Covid pandemic.
An auction of $24 billion 20-year bonds on Wednesday showed strong demand, according to a Reuters report.
Auctions are scheduled to be held Thursday for $40 billion of 4-week bills, $40 billion of 8-week bills and $18 billion of 5-year Treasury inflation-protected securities.
