MW: Treasurys gain, dollar stays up after PPI, claims
By Deborah Levine
NEW YORK (MarketWatch) -- Treasury prices extended gains and the dollar stayed up against the euro on Thursday after a report showed 412,000 Americans filed first-time jobless claims in the latest week, an unexpected increase. A separate report said producer prices rose 0.7% in March. Excluding food and energy, wholesale prices increased more than forecast. Yields on 10-year notes (UST10Y 3.44, -0.02, -0.43%) , which move inversely to prices, fell 5 basis points to 3.42%, after trading near 3.45% before the data. The dollar index (DXY 74.94, -0.04, -0.05%) , which measures the greenback against a basket of six currencies, traded at 74.950, from 74.974 before the data and versus 74.966 in late North American trading on Wednesday. It touched its lowest level since December 2009 in earlier activity. The euro (EURUSD 1.4413, -0.0028, -0.1939%) slipped to $1.4414 from $1.4448 late Wednesday. Still to come is a Federal Reserve debt buyback and the government's auction of 30-year bonds (UST30Y 4.54, -0.01, -0.20%) .
