MW: Treasurys little changed after jobless claims, price data
Treasurys were little changed Thursday after the Labor Department said initial claims for unemployment benefits rose 54,000 to 524,000 in the week ended Jan. 10. Ten-year notes yielded 2.21%. Separate reports showed producer priced fell less than predicted last month and manufacturing in the New York area this month was not as weak as in December. Also, the European Central Bank lowered its benchmark interest rate to 2%, as expected. Yields were lower earlier amid reports that Bank of America may need more government aid and J.P. Morgan said its fourth-quarter profit fell.
