2Y Yield Touches Fresh Low; 30Y Auction, Jobless Claims Ahead

Treasuries have edged slightly higher in the European session Thursday, on limited volumes. and following Fed Chair Powell's sticking to the Jan FOMC's dovish talking points in his speech Wednesday.

• 2-Yr yields touched an all-time low of 0.0972% in Asia-Pac hours (a thin session owing to regional holidays). The 2-Yr yield last up 0.2bps at 0.1091%, 5-Yr is down 0.2bps at 0.4482%, 10-Yr is up 1.7bps at 1.1399%, and 30-Yr is up 0.3bps at 1.9103%.
• Mar 10-Yr futures (TY) up 2/32 at 136-31.5 (L: 136-29.5 / H: 137-02), ~200k traded.
• SF Fed's Daly told the WSJ (in an interview conducted prior to Powell's comments yest, published this morning) that the Fed is unlikely to taper this year, and that further stimulus is not "going to overheat" the economy.
• In other Fed news, Axios reported Biden considering economist Lisa Cook to fill an open seat on the Board of Governors - she is seen as dovish re inflation.
• No Fed speakers scheduled today though. Only key data: Jobless claims at 0830ET.
• In supply: $65B of 4-/8-week bills sell at 1130ET, with $27B of 30-Yr at 1300ET. NY Fed buys ~$8.825B of 2.25Y-4.5Y Tsys.