U.S. Treasury yields rose on Friday morning, as investors weighed up the week's economic data.
In addition, Labor Department data released Thursday showed that there were fewer than 300,000 jobless claims filed in the week ended Oct. 9, for the first time since the beginning of the coronavirus pandemic. There were 293,000 unemployment insurance claims filed last week, lower than the 318,000 estimate.
Following this update, as well as the release of key data throughout the week, the 10-year Treasury yield has fallen back below the 1.6% mark.
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