U.S. Treasury yields were higher on Thursday as investors looked to economic data for hints about the outlook for the economy and monetary policy.
At 4:14 a.m. ET, the yield on the 10-year Treasury was up by over two basis points to 4.3411%. The 2-year Treasury yield was last at 4.7576% after rising by less than one basis point.
Yields and prices have an inverted relationship. One basis point equals 0.01%.
As uncertainty over the path ahead for interest rates and when they may be cut persists, investors looked to economic data for clues about what could be ahead for the economy and how this could affect monetary policy.
Economic data slated for Thursday includes weekly initial jobless claims, May’s durable goods orders and pending home sales figures, also for May. Durable goods orders are expected to have declined by 0.6%, according to a Dow Jones consensus estimate, while economists surveyed by Dow Jones are anticipating pending home…
