Treasuries closed slightly higher on Thursday after a day of indecisive trading. The yield on the ten-year note fell to 1.844 percent. Traders are cautious following recent volatility and are awaiting the monthly employment report on Friday, expecting a gain of 400,000 jobs and a drop in the unemployment rate to 3.9 percent. Initial jobless claims decreased to 215,000, lower than expected. The Institute for Supply Management reported a slowdown in U.S. service sector growth, with the services PMI falling to 56.5 in February. Investors are also monitoring the situation in Ukraine.

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