Steady Gains For TYs Overnight Ahead Of Jobless Claims

After a steady rise from Wednesday's lows through Thursday's overnight trade, TY's are pretty much where they were 24 hours ago despite a fair bit of price action in the interim.

• That said, the curve remains a little flatter vs 24 hours ago despite belly outperformance today (2s30s and 5s30s ~2bps lower vs 0630ET Weds). The 2-Yr yield is down 0.2bps at 0.1532%, 5-Yr is down 1.6bps at 0.8405%, 10-Yr is down 1bps at 1.6608%, and 30-Yr is down 0.7bps at 2.3626%.
• Jun 10-Yr futures (TY) up 5/32 at 132-6 (L: 132-01 / H: 132-09), normal volumes (~260k).
• Equities have retraced some of their overnight gains but holding above Wednesday's lows so far; dollar trading a little weaker.
• Data today centres around 0830ET's releases: jobless claims and May Philly Fed.
• As yesterday's FOMC minutes release continues to be digested, Dallas Fed's Kaplan (undoubtedly one of the "number of participants" that said it "might be appropriate at some point in upcoming meetings" to begin talking about a taper) takes part in a moderated discussion at 1030ET.
• Of possible interest on the fiscal front: Transport Sec Buttigieg testifies about infrastructure @ Senate Banking Committee at 1000ET.
• In supply, 1130ET sees $80B in 4-/8-week bills auctioned; $13B in 10Y TIPS at 1300ET. NY Fed buys ~$2.025B of 22.5-30Y Tsys.