Economic resilience indicated by data, treasury yields remain unchanged

On Friday, U.S. Treasury yields remained unchanged as investors processed the economic data from the previous day, indicating economic strength.

At 4:47 a.m. ET, the yield on the was down by one basis point to 3.9758%.

Yields and prices move in opposite directions, with one basis point equal to 0.01%.

The seasonally adjusted retail sales for September rose by 0.4%, surpassing the 0.3% Dow Jones forecast and marking a 0.1% increase from August, indicating strong consumer spending.

The number of weekly initial jobless claims decreased to 241,000, lower than the predicted 260,000, as per a report from the Labor Department.

Building permits and housing starts data for September are eagerly anticipated by investors on Friday.

The remarks of Federal Reserve officials, including Atlanta Fed President Raphael Bostic and Minneapolis Fed President Neel Kashkari, will be closely followed by investors for indications of policymakers' expectations for the economy and monetary policy, particularly interest rates. Earlier in the week, Fed officials signaled that interest rate cuts would continue.

The European Central Bank cut its deposit rate by 25 basis points to 3.25% on Thursday, marking its third interest rate reduction of the year. Inflation risks in the European Union have eased.