Economic data and Fed speaker comments keep investors focused on steady treasury yields.
On Thursday, U.S. Treasury yields remained relatively stable as investors awaited new economic information and comments from Federal Reserve officials.
The yield on the decreased by less than 1 basis point to 3.773%, while it was previously at 3.551%. The yield remained unchanged throughout the day.
Prices and yields move in opposite directions, with one basis point equal to 0.01%.
The Federal Reserve's 50-basis-point interest rate cut earlier this month has refocused investor attention on the U.S. economy and the possibility of a slowdown or recession.
On Thursday, investors may receive some insights from fresh data, including durable goods orders, weekly initial jobless claims, and a final reading of the second quarter GDP.
According to a survey conducted by Dow Jones, economists anticipate that the most recent weekly initial jobless claims will total 223,000.
On Thursday, central bank Chairman Jerome Powell and other Fed policymakers will give remarks, which investors will analyze for clues about their economic outlook.
The Swiss National Bank reduced its key interest rate by a quarter point on Thursday, marking the third cut this year.
In the U.S., key inflation data will be released on Friday, specifically the personal consumption expenditures price index for August. This is the Fed's preferred inflation measure and could offer insights into the economy and monetary policy outlook.
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