Treasury prices remained lower Thursday, pushing yields up, after the Labor Department said jobless claims in the latest week fell 20,000 to 654,000, though the number on ongoing claims set a fresh record high. Ten-year note yields rose 5 basis points to 2.91%. Separate reports showed import prices rose and the trade deficit narrowed more than forecast. Yields were higher before the data as U.S. equity futures pointed higher, following overseas stock gains, detracting from the appeal of the relative safety of Treasurys. Also weighing on the market, the government will sell $18 billion in 10-year notes, with bids due at 11:30 a.m. Eastern due to a holiday shortened trading session. Bond markets will remain closed for Good Friday.
