U.S. government debt yields continued to fall Thursday morning after President Donald Trump declined to set a deadline on levying tariffs on another $325 billion of Chinese goods.
Meanwhile, Wednesday's consumer price index data rose a seasonally adjusted 0.1% in May, while costs excluding volatile energy and food components also rose 0.1%.
Prices climbed 1.8% from the previous year while the so-called core gauge rose 2%, both falling short of economists' expectations. Investors will also be monitoring May imports data and last week's jobless claims figures, both of which are due for release at 8.30 a.m. ET. The Treasury is due to auction $40 billion in 4-week bills and $35 billion in 8-week bills Thursday. There are no key Fed speeches scheduled.
Elsewhere, oil prices pared some of their recent losses on Thursday, following a sharp sell-off in the previous session. Crude futures tumbled as much as 4% on Wednesday, slipping to near five-month lows amid continued increases in U.S. crude stockpiles and concerns about lower demand growth.
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