10-year Treasury yield dips to 1.28% ahead of jobless claims data
The 10-year U.S. Treasury yield fell to 1.28%, its lowest point since February, ahead of the release of weekly jobless claims data.
The yield on the benchmark 10-year Treasury note fell less than a basis point to 1.285% at 3:50 a.m. ET. The yield on the 30-year Treasury bond dipped to 1.899%. Yields move inversely to prices.
The U.S. Labor Department is due to release the number of weekly jobless claims for the week ended July 3 at 8:30 a.m. ET. Economists expect to see 350,000 first-time applicants for unemployment benefits for the week ended July 3, according to Dow Jones.
This comes after the Federal Reserve on Wednesday released the minutes from its latest meeting on June 15-16.
10-year Treasury yield could hit 1.20% before moving back up: Strategist
Kathy Jones from Charles Schwab talks about the U.S. bond market and the dollar, saying a lot of market readjustments may have already taken place as investors prepare for the second half of the trading year.
Reference: CNBC
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