By Ben Eisen
NEW YORK (MarketWatch) -- Treasury yields, which surged Thursday morning, fell after weekly jobless data jumped. The number of people applying for unemployment benefits rose by 18,000 to 354,000, higher than economist expectations of 340,000. After the news, the 10-year note 10_YEAR +1.56% yield was up 4.5 basis points on the day at 2.405% after hitting as high as 2.461% on Thursday. The 30-year bond 30_YEAR +0.88% yield was up 4 basis points at 3.460%, and the 5-year note 5_YEAR +2.46% yield was up 5 basis points at 1.301%. The iShares Trust Barclays 20+ Year Treasury Bond Fund ETF TLT -1.11% was down 1.17% in premarket trading.
