MW: Treasurys stay up after jobless claims, housing data
Treasurys remained higher Thursday after the Labor Department said initial claims for unemployment benefits rose by 62,000 to 589,000 in the week ended Jan. 17. Ten-year note yields fell 2 basis points to 2.51%. Continuing claims for jobless benefits rose to 4.61 million, indicating finding a new job is getting harder. A separate report showed housing starts fell more than 15% in December to a seasonally adjusted 550,000 pace, the lowest on record. Economists surveyed by MarketWatch expected starts to total 600,000. U.S. debt was higher before the data as domestic stock futures pointed lower and China said its fourth-quarter growth rate was the slowest in seven years.
