U.S. Treasury yields fell on Friday morning, following mixed economic data in the previous session.
gave up 3 basis points, falling to 1.991%. Yields move inversely to prices. One basis point is 0.01%.Data from the Labor Department released on Thursday showed 375,000 jobless claims were filed last week, in line with economists' forecasts.
Meanwhile, July's producer price index, excluding volatile food, trade services and energy components, climbed 0.9% last month versus a forecasted 0.5% increase. This set of data, which also came out on Thursday, followed the release of the July consumer price index on Wednesday which showed core inflation had risen less expected last month.
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