MW: Treasurys stay down after jobless claims, inflation data
By Deborah Levine
NEW YORK (MarketWatch) -- Treasurys remained lower Thursday after the government said jobless claims declined in the latest week and inflation remained steady last month. Two-year note yields rose 8 basis points to 1.65%. Initial claims for unemployment benefits fell 16,000 to 461,000 in the week ended Oct. 11, the Labor Department said. Continuing claims rose to 3.71 million. Separately, the consumer price index was unchanged in September. Excluding food and energy, prices rose 0.1%. Economists surveyed by MarketWatch expected CPI and core prices to increase 0.2%. U.S. equity futures added to gains after the data. Reports later are expected to show weakness in industrial production and manufacturing in the Philadelphia area.
