Treasury yields fell Thursday as investors monitored new economic data and a flurry of speeches from Federal Reserve policymakers.
The yield on 10-year Treasury bonds fell 5 basis points to 4.398%, and the yield on two-year Treasury bonds fell 1 basis point to 4.269%.
Yields and prices move in opposite directions. 1 basis point is 0.01%.
The October Producer Price Index rose 0.2% for the month, in line with estimates from economists surveyed by Dow Jones. There were 217,000 new jobless claims for the week ended November 9, down 4,000 from the previous week, indicating a still strong economy.
Federal Reserve Chairman Jerome Powell is scheduled to discuss the U.S. economic outlook in Dallas on Thursday.
New York Federal Reserve President John Williams is scheduled to make remarks this afternoon. Federal Reserve President Adriana Kugler pointed to “significant” progress on inflation in remarks Thursday morning.
The speech comes as investors and economists are scrutinizing how President-elect Donald Trump’s return to the White House could affect U.S. interest rates.
The U.S. central bank met expectations by cutting interest rates for the second time in a row earlier this month, and traders are betting another rate cut is likely in December.
— CNBC’s Sarah Min contributed to this report.
