Traders at work at the New York Stock Exchange on February 18, 2026.
new york stock exchange
U.S. Treasury yields were little changed Thursday as investors awaited some economic data and weighed the state of the U.S. economy.
The benchmark 10-year Treasury yield was flat at 4.048%, while the 30-year Treasury yield fell less than 1 basis point to 4.693%. The yield on two-year government bonds also fell by less than 1 basis point to 3.469%.
One basis point equals 0.01%, and yields and prices move in opposite directions.
Investors are waiting for some economic data, including Thursday’s unemployment claims numbers, to be released at 8:30 a.m. ET. They will also be watching Friday’s producer price index, which the Bureau of Labor Statistics releases in the morning.
Ian Lingen, head of U.S. rates strategy at BMO Capital Markets, said in a note Wednesday night that the data is not expected to move bond markets, meaning investors will focus on political news and headlines as the end of the month approaches.
Lingen said unemployment numbers are expected to remain within “historically” low ranges.
“Inflation is once again a key factor in deciding when to cut rates, and the Fed’s assumption that labor market conditions are stable is reinforced by trends in jobless claims,” he added in the note. “The ‘low jobs, low layoffs’ picture persists among the risks facing the economic outlook.”
