Updated from 1:30 p.m. ESTTreasuries came off their lows Thursday, as positioning ahead of the February payrolls left the market little changed. The government's $8 billion, 10-year note auction had little effect on the market, as traders were reluctant to make any large moves before Friday's jobs data. The benchmark 10-year note ended the day flat to yield 4.73%, while the 30-year bond was also unchanged to yield 4.72%. The two- and five-year notes were also little changed to yield 4.72% and 4.74% respectively. Bond prices and yields move in opposite directions. "We remain neutral on rates and the curve ahead of payrolls and recommend reducing risk ahead of the report," fixed-income strategists at Barclays Capital commented in a research note. "We believe the market will be more sensitive to the report this month than the last several months and would wait for the print before initiating new strategies." Wall Street expects that 210,000 jobs were added in February, up from 193,000 in January, which would be consistent with a tightening labor market and more Fed hikes. Fed policymakers have said the U.S. is close to full employment, the lowest level of unemployment possible before wage inflation sets in. Bond traders loathe inflation because it erodes the value of fixed-income investments.