us treasury yields were mostly flat on thursday morning after two federal reserve officials warned that higher inflation might be around for longer than anticipated the yield on the benchmark 10year treasury note was barely changed at 149 by 400 pm et the yield on the 30year treasury bond was 14 basis points lower at 2099 yields move inversely to prices one basis point is 001 atlanta fed president raphael bostic and fed governor michelle bowman both said on wednesday that while they believed inflationary pressures would be temporary they also thought that prices could remain higher for longer than expected according to a reuters report this comes after fed chairman jerome powell played down inflation fears in comments made to congress on tuesday saying that it was very very unlikely the us would see 1970sstyle price pressures from the fed were expecting tapering to begin in the fourth quarter of this year and probably the start of rate hikes in the second quarter of 2022 and inflation continuing to run above 2 this year on a yearoveryear basis kathy jones schwabs chief fixed income strategist said thursday so that leads us to believe that real yields are too low at this level data out thursday showed jobless claims totaled 411000 for the week ended june 19 higher than an estimate of 380000 from economists polled by dow jones the feds annual bank stress test results are scheduled for release at 430 pm et the test examines how banks fare during various hypothetical economic downturns after the feds results banks typically announce how much capital they can release in the form of dividends and buybacks auctions are due to be held thursday for 40 billion of 4week bills 40 billion of 8week bills and 62 billion of 7year notes