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.
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.