Relatively strong buying interest in the Treasury market earlier this week had been a manifestation of slowdown concerns, yet market rates are moving higher this morning as some of those concerns ease on the good earnings news and guidance from the industrial sector.
2-yr note yield is up six basis points to 3.97%
10-yr note yield is up four basis points to 3.46% ahead of the initial jobless claims and advance Q1 GDP reports at 8:30 a.m. ET.
Oil prices are moving higher this morning. WTI crude oil futures are up 0.4% to $74.58/bbl.