MW: Treasurys turn higher after jobless-claims data
By Ben Eisen
NEW YORK (MarketWatch) -- Treasury prices moved higher after jobless claims increased last week. The initial weekly gauge of people applying for unemployment benefits rose by 5,000 to 333,000. The 10-year note 10_YEAR -0.54% yield, which moves inversely to price, fell half a basis point to 2.603%, while the 5-year note 5_YEAR -1.17% yield fell half a basis point to 1.367%. The 30-year bond 30_YEAR -0.76% yield fell 1 basis point to 3.675% before an auction of $16 billion of the debt at 1 p.m. Eastern.
