Treasury gives ebb with a focus on financial data

US government interest rates ebbed out Thursday morning as investors focused on releases of economic data and fears of a potential slowdown in growth.

The yield on the benchmark 10-year government bond fell 1 basis point to 2.8032% at. 03:20 ET. The yield on the 30-year government bond moved less than a basis point lower to 2.8997%. The dividend moves in reverse to prices, and 1 basis point is equal to 0.01%.

Investors remain concerned about developments in the Russia-Ukraine war, the rise in Covid-19 cases in China, and the impact of the Federal Reserve’s attempts to combat inflation by raising interest rates.

Russian President Vladimir Putin warned the West of a “lightning-fast” response to any country intervening in the Ukraine war.

As regards releases of economic data, growth in gross domestic product for the first quarter is expected to be reported at 8:30 ET Thursday.

The number of applications for unemployment filed in the week ending April 23 is also due at. 8:30 ET.

Auctions are scheduled to be held on Thursday for $ 35 billion of 4-week notes, $ 30 billion of 8-week notes and $ 44 billion of 7-year notes.

– CNBC.com staff contributed to this market report.