MW: Treasurys gain, dollar down after jobless claims
By Deborah Levine
NEW YORK (MarketWatch) -- Treasury prices gained a little ground and the dollar remained under pressure on Thursday after the U.S. said initial jobless claims fell by 13,000 in the latest week to 403,000, declining less than economists expected. The dollar index DXY -0.56% , which measures the U.S. unit against a basket of major rivals, fell to 73.921, down from 74.384 in late North American action on Wednesday. The euro EURUSD +0.3789% traded at $1.4582, from $1.4595 before the data and down versus $1.4511 Wednesday. Yields on 10-year notes UST10Y -0.56% , which move inversely to prices, fell 4 basis points to 3.37%, compared to 3.41% before the report. On tap for the holiday-shortened session for the bond market is more economic data, the Treasury Department's announcement of how much in notes it will auction next week, and a sale of 5-year inflation-indexed securities.
