treasury yields jumped on thursday pushing the 30year rate to its highest level since november after us data pointed to a stillresilient economy and a report that the bank of japan may tweak its yieldcurve control policy a selloff in treasurys on thursday gained momentum after a report that bank of japan policy makers will discuss a possible tweak to their socalled yieldcurve control policy on friday without citing sources nikkei reported that boj officials are set to talk about a proposed change that would let longterm rates go above 05 to some extentthe yen strengthened against the dollar in response to the report in turn the weakening dollar opened up an opportunity for investors to sell treasury holdings according to tom di galoma managing director and cohead of rates trading for global financialservices firm btig treasury yields which move in the opposite direction as prices jumped further as stocks falteredearlier on thursday data showed that the us economy grew at a 24 annual pace in the second quarter propelled by steady consumer spending and a rebound in business investment that was above the 2 median estimate of economists polled by the wall street journal and compares with a 2 pace in the first quarterinitial jobless claims fell by 7000 to 221000 for the week that ended on july 22 the lowest level since february orders for longlasting goods made in america jumped 47 in june due to a flush of new contracts for boeing passenger planes surpassing the 15 increase expected by economiststogether thursdays data fueled optimism behind a softlanding scenario in which the us manages to avoid a recession or big uptick in unemployment at the same time inflation eases on its own also on thursday the european central bank delivered a widely expected increase in interest rates  citing inflation that continues to run too hot the ecb raised its deposit rate by 25 basis points or a quarter of a percentage point to 375 the ecbs action came a day after the federal reserve took its interestrate target up by a similar amount to a range between 525 and 55 friday is another eventful day on the us economic calendar with the pce price index the employment cost index and a consumersentiment reading what strategists are saying the policysetting federal open market committee has ushered in a second half of summer trading that will be defined by data dependence and thursdays price action exemplified precisely that dynamic said bmo capital markets strategists ben jeffery and ian lyngena solid real gdp print defined by moderating price pressures along with robust consumption combined with another drop in jobless claims and strong durables to push yields higher in a selloff that was also fueled by speculation of a policy shift from the boj they wrote in a note this content was created by marketwatch which is operated by dow jones  co marketwatch is published independently from dow jones newswires and the wall street journal