NEW YORK (MarketWatch) - Treasurys were little changed early Thursday after a government report said unemployment claims rose to the highest in more than seven years. Ten-year notes yield fell 1 basis point to 3.74%. Initial claims for unemployment benefits rose 32,000 to 516,000 in the week ended Nov. 8, the Labor Department said. Continuing claims, an indication of difficulty in getting a new job, rose to the highest since 1983. Bond traders were worried about how strong demand would be at the government's auction of $10 billion in 30-year bonds later. Longer-term yields had been lower earlier as data out of Germany showed the country's economy shrunk for a second quarter, indicating it's in a recession.
