U.S. government debt yields rose Thursday morning, as traders looked ahead to fresh data and a rate decision by the European Central Bank (ECB).
At around 2:30 a.m. ET, the yield on the benchmark 10-year Treasury note, which moves inversely to price, was higher at around 1.7403%, while the yield on the 30-year Treasury bond was higher at 2.2213%.
Investors are likely to closely monitor the latest decision from policymakers at the European Central Bank on Thursday, amid expectations it could trigger another wave of monetary easing from global central banks.
The U.S. Federal Reserve will meet next week, with the Bank of Japan and Bank of England both scheduled to conclude policy meetings the following day.
On the data front, the latest weekly jobless claims and consumer price index data for August will be released at around 8:30 a.m. ET. The Federal Budget for August will follow slightly later in the session.
On Friday, the Treasury is set to auction $40 billion worth of eight-week bills and $50 billion worth of four-week bills.