U.S. Treasury yields fell on Thursday ahead of key economic data due to be released later in the day and a speech by Federal Reserve chair Jerome Powell. The yield on the benchmark 10-year Treasury note dipped to 0.939% at 5:21 a.m. ET, while the yield on the 30-year Treasury bond fell to 1.706%. Yields move inversely to prices.Treasury yields traded lower after the U.S. bond market was closed on Wednesday for Veteran’s Day. Fed chair Powell is set to speak at 1:45 p.m. ET. President of Federal Reserve Bank of Chicago, Charles Evans is then set to make a speech at 3 p.m. ET and New York Fed President John Williams is expected to speak at 4 p.m. ET. The U.S. government monthly budget statement for October is also due out at 4 p.m. ET. Before that, at 10:30 a.m. ET, year-on-year and month-on-month inflation figures will be released, along with weekly and four-week average jobless claims. At 1 p.m. ET, weekly inventory data will be released for crude oil, distillate and gasoline. Auctions will be held on Thursday for $30 billion worth of four-week bills, $35 billion of eight-week bills, $25 billion of 105-day bills and $30 billion of 154-day bills. Another $27 billion in 30-year bonds is also up for auction on Thursday.