US Treasury yields drop

U.S. Treasury yields fell on Thursday morning after the House of Representatives passed the US$1.9 trillion stimulus bill, and ahead of weekly jobless claims data, CNBC reports.

The yield on the benchmark 10-year Treasury note dropped to 1.48 percent at 4 a.m. eastern time. The yield on the 30-year Treasury bond dipped to 2.221 percent. Yields move inversely to prices.

It comes after a key 10-year Treasury auction Wednesday eased investor concerns about a fall in demand for government debt.