Treasury yields pulled back Thursday as investors monitored a fresh batch of economic data and a flurry of speeches from Federal Reserve policymakers.
The 10-year Treasury yield slipped 5 basis points to 4.398%, while the yield on the 2-year Treasury fell about 1 basis points to 4.269%.
Yields and prices move in opposite directions. One basis point equals 0.01%.
The producer price index for October increased 0.2% for the month, matching estimates from economists polled by Dow Jones. Initial jobless claims for the week that ended Nov. 9 came in at 217,000, a drop of 4,000 from the previous week, which pointed to a still-strong economy.
Federal Reserve Chair Jerome Powell is scheduled to discuss the U.S. economic outlook in Dallas on Thursday.
New York Fed President John Williams will deliver remarks later in the day. Fed Governor Adriana Kugler pointed to "considerable" progress on inflation in remarks Thursday morning.
The speeches come as investors and economists scrutinize what President-elect Donald Trump's return to the White House could mean for U.S. interest rates.
Money Report
The U.S. central bank delivered its second consecutive interest rate cut earlier in the month, in line with expectations, and traders see a decent chance of another trim in December.
— CNBC's Sarah Min contributed to this report.
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