MW: Treasurys, dollar up after jobless claims rise
By Deborah Levine
NEW YORK (MarketWatch) -- Treasury prices extended gains and the dollar remained higher on Thursday after the Labor Department said 471,000 Americans filed first-time claims for jobless benefits, unexpectedly jumping 25,000. Yields on 10-year notes (UST10Y 3.29, -0.08, -2.46%) , which move inversely to prices, fell 11 basis points to 3.26%. The euro (CUR_EURUSD 1.2330, -0.0098, -0.7887%) slipped to $1.2343 from $1.2429 in late North American trading Wednesday. The dollar index (DXY 86.74, +0.35, +0.40%) , which tracks the U.S. unit against a trade-weighted basket of six major currencies, rose to 86.629 from 86.094 late Wednesday. Still to come is the Philadelphia Federal Reserve's index on manufacturing for May and the leading indicators index for April, both at 10 a.m. Eastern. At 11 a.m., the Treasury Department will say how much in debt it will sell next week. Analysts expect auction sizes to shrink.
