U.S. Treasury yields inched higher early on Thursday, as investors remained focused on jobs data.
gained 2 basis points at 2.1156%. Yields move inversely to prices and 1 basis point is equal to 0.01%.The Labor Department is due to release the number of jobless claims filed during the week ended Jan. 29 at 8:30 a.m. ET. Economists polled by Dow Jones expect initial claims to have fallen to 245,000 from 260,000.
Fourth-quarter data on unit labor costs and non-farm productivity are also set to be released at 8:30 a.m. ET.by private payroll services firm ADP on Wednesday. Private U.S. payrolls fell by 301,000 in January, according to ADP, while economists predicted a gain of 200,000 new jobs.
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