Treasury Yields Slip Amid Hopes That Inflation May Be Nearing Its Peak

U.S. Treasury yields ebbed on Thursday morning, as investors clung to hopes that inflation may be starting to peak.

The number of initial jobless claims filed during the week ended April 9 is set to be released at 8:30 a.m. ET.

March's retail sales numbers, along with last month's export prices, are also due out at 8:30 a.m. ET. The University of Michigan's preliminary consumer sentiment index is slated to come out at 10 a.m. ET. Investors also continue to monitor developments in the Russia-Ukraine war. U.S. President Joe Biden announced another $800 million in weaponry for Ukraine on Wednesday, following an hour-long phone call with the country's president, Volodymyr Zelenskyy.

Auctions are scheduled to be held on Thursday for $35 billion of 4-week bills and $30 billion of 8-week bills.

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