US Treasury bond yields fell Friday morning after mixed economic data in the previous session.
The benchmark 10-year Treasury yield fell 2 basis points to 1.341% at 2:50 a.m. ET. The yield on the 30-year government bond fell 3 basis points and fell to 1.991%. The returns move inversely to the prices. One basis point is 0.01%.
Labor ministry data released on Thursday showed that 375,000 jobless claims were filed last week, in line with economists’ projections.
Meanwhile, in July, excluding volatile food, trade services and energy components, the producer price index rose 0.9% last month, up from a forecast increase of 0.5%. That data set, also released Thursday, followed the July consumer price index release on Wednesday, which showed core inflation rose less than expected last month.
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With respect to the dates due Friday, US export and import prices will be released at 8:30 a.m. ET.
Preliminary August consumer sentiment and inflation expectations data from the University of Michigan is expected to be released at 10 a.m. ET.
There are no auctions on Friday.
– CNBC’s Yun Li contributed to this market report.