Key facts
- 10-year Treasury yield fell six basis points to 5.06% on Thursday.
- 30-year bond yield fell four basis points to 5.37% on Thursday.
- Two-year note yield fell five basis points to 4.76% on Thursday.
- Initial jobless claims expected at 200,000 for the week ending Oct. 17.
- September's Leading Economic Index forecasted to decline 0.1%.
Treasury yields were lower before the opening bell on Thursday as markets digested mega-cap earnings releases and heightened concerns surrounding the Middle East conflict. The yield on the 10-year note decreased six basis points to 5.06%, while the 30-year bond yield fell four basis points to 5.37%. The yield on the two-year note, more sensitive to monetary policy changes, was down five basis points to 4.76%. Investors are looking ahead to fresh unemployment claims and September’s Leading Index data. On Wednesday, yields were mixed, with the 10-year note up one basis point to 5.12% and the two-year note up three basis points to 4.81%. The Bloomberg 30-day visible supply fell $4.222 billion to $16.879 billion on Wednesday.