Treasurys advanced Thursday, pushing yields lower, as the Labor Department said initial claims for unemployment benefits declined 24,000 to 467,000 in the week ended Jan. 3. Ten-year note yields fell 7 basis points to 2.43%. Some analysts noted the numbers at this time of year tend to be volatile because claims slow during the holidays. Continuing jobless claims, an indication of the difficulty in finding a new job, rose to the highest since November 1982. Gains may be limited ahead of the Treasury Department's auction of $16 billion in 10-year notes.
