reasury prices stayed down, sending yields higher Thursday, after the Labor Department said initial claims for jobless benefits rose 12,000 to 669,000 in the latest week. Ten-year note yields rose 5 basis points to 2.71%. Treasurys were out of favor as U.S. equity futures pointed higher. Continuing jobless claims rose to a record. Potentially limiting declines, the Federal Reserve will be buying Treasurys maturing between 2012 and 2016 later in the session. Also, Friday's government jobs report for March is expected to show the unemployment rate shot to the highest since 1983.

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