Treasurys were higher Thursday, pushing 10-year yields to the lowest this year, as overseas investors reacted to the Federal Reserve surprising markets late Wednesday by saying that it would purchase $300 billion in U.S. notes. Ten-year yields fell 4 basis points to 2.48%. On Wednesday, yields dropped the most since the stock market crash in 1987. The central bank said that over the next six months, it plans to buy notes maturing in two to 10 years. Treasurys also stayed lower after the Labor Department said claims for unemployment benefits declined in the most recent week, though continuing claims increased to a new record, indicating finding a new job is increasingly difficult.
