Long-term Treasury yields were edging up Thursday morning as investors weighed the latest report on initial jobless claims in the U.S.
The yield on the 10-year Treasury note was up about 2 basis points at around 4.30%, while the 30-year Treasury rate was rising about 3 basis points to around 4.60%, according to FactSet data, at last check. As for shorter-term yields, the 2-year Treasury was down about three basis points to around 3.97%.
Initial jobless claims fell 21,000 in the week ending March 1 to 221,000, according to a report Thursday from the Department of Labor. That’s a bigger decrease than Wall Street anticipated, with economists polled by the Wall Street Journal forecasting that initial jobless claims would fall to 235,000.