U.S. government debt prices were higher Friday morning as traders monitored coronavirus’ cases and new data.
On Thursday, bond yields also dipped on the back of worse-than-expected employment numbers. U.S. weekly jobless claims came in at 1.416 million for last week. Economists had forecast that 1.3 million workers had filed for unemployment benefits.
On the data front, there will be manufacturing and services PMIs (purchasing managers’ index) at 9:45 a.m. ET and new home sales will be released at 10 a.m. ET.
There are no Treasury auctions scheduled Friday.