MW: Treasury prices hold lower after jobless claims
By Ben Eisen
NEW YORK (MarketWatch) -- Treasury prices held slightly lower Thursday after data showed a drop in the number of people applying for unemployment benefits. The Labor Department reported that 338,000 people applied for unemployment benefits last week, a drop of 42,000 from the previous reading, and below the consensus forecast of Wall Street economists, who expected 345,000. After the data, the benchmark 10-year Treasury note 10_YEAR +0.30% yield, which rises as prices fall, was up half a basis point at 2.987%. The 30-year bond 30_YEAR +0.26% yield rose 1 basis point to 3.905%, and the 5-year note 5_YEAR +0.75% yield rose a basis point to 1.750%.
