Treasury prices fell slightly Thursday after a pair of reports showed jobless claims unexpectedly fell by 14,000 to 631,000 in the latest week. Yields on 10-year notes which move inversely to the price, rose 2 basis points to 3.13%. The Labor Department also said continuing claims for benefits set a new record, signaling ongoing difficulty people are having finding a new job. A separate report showed real consumer spending declined 0.2% in March. Traders are also closely watching for how much in notes maturing between 2019 and 2026 the Federal Reserve buys in its operation. Ten-year note yields shot higher Wednesday after the central bank made no changes to the amount of debt it planned to buy to keep borrowing rates affordable.
