bond yields softened on thursday as a risk averse tone across markets encouraged buying of government debt and as traders waited for crucial us data   the yield on the 2year treasury tmubmusd02y slipped 53 basis points to 300 versus a close of 305 on wednesday  yields move in the opposite direction to prices   the yield on the 10year treasury tmubmusd10y fell 35 basis points to 306 versus 309   the yield on the 30year treasury tmubmusd30y eased 3 basis point to 319 from 322 on wednesday yields were softer on thursday as a global risk asset selloff amid economic growth concerns encouraged investors to seek sanctuary in highly rated bonds still the benchmark 10year treasury yield is still up nearly 160 basis points since the start of the year according to dow jones market data pushed higher by the federal reserve hiking interest rates in response to surging inflation a raft of us data set for release at 830 am eastern should give further clues to to the likely pace of fed tightening the pce inflation report which is closely watched by the fed is forecast to show a small dip in may from 49 to 48 yearoveryear investors will be keen to see whether the weekly initial jobless claims shows if there is stress in the labor market with those registering for unemployment expected to rise marginally from 229000 to 230000 similarly consumer spending and income figures will be scanned to see whether recent poor household sentiment indicators are impacting spending elsewhere german 10year bund yields tmbmkde10y followed the us trend dipping 12 basis points to 140 after the german unemployment rate rose to 53 worse than the forecast 5