Treasury yields were little changed Thursday as investors monitored a fresh batch of economic data and a flurry of speeches from Federal Reserve policymakers.
The 10-year Treasury yield traded marginally lower at 4.445%, while the yield on the 2-year Treasury fell less than 1 basis point to 4.275%.
Yields and prices move in opposite directions. One basis point equals 0.01%.
The producer price index for October increased 0.2% for the month, matching estimates from economists polled by Dow Jones. Initial jobless claims for the week ended Nov. 9 came in at 217,000, a drop off of 4,000 from the previous week, which pointed to a still strong economy.
Federal Reserve Chair Jerome Powell is scheduled to discuss the U.S. economic outlook in Dallas, Texas on Thursday.
Richmond Fed President Tom Barkin and New York Fed President John Williams will deliver remarks later in the day. Fed Governor Adriana Kugler pointed to “considerable” progress on inflation in remarks Thursday morning.
The speeches come as investors and economists scrutinize what President-elect Donald Trump’s return to the White House could mean for U.S. interest rates.
The U.S. central bank delivered its second consecutive interest rate cut earlier in the month, in line with expectations, and traders see a decent chance of another trim in December.
— CNBC’s Sarah Min contributed to this report.
