MW: U.S. Treasury yields push higher after claims rise
By William L. Watts
NEW YORK (MarketWatch) -- Most U.S. Treasury prices fell, pushing yields higher, after first-time claims for unemployment benefits rose more than expected in the week ending Dec. 7, while separate data showed November retail sales rose 0.7%, in line with expectations. The yield on the 10-year Treasury note 10_YEAR +0.38% traded at 2.866%, a rise of half a basis point on the day and up from around 2.855% ahead of the data. Yields rise as bond prices decline. The yield on the 2-year note 2_YEAR +7.10% rose 2 basis points to 0.334%, while the yield on the 30-year Treasury bill 30_YEAR -0.36% dropped nearly 1 basis point to 3.88%.
