By Deborah Levine
NEW YORK (MarketWatch) -- Treasury prices remained lower on Thursday, pushing yields up, after the Labor Department said the number of Americans filing first-time claims for unemployment benefits rose 25,000 to 584,000 in the latest week. Economists surveyed by MarketWatch expected claims to rise to 583,000. Ten-year note yields (UST10Y 3.66, -0.02, -0.65%) rose 4 basis points to 3.70%. Treasurys were under pressure before the data as traders brace for a record sale of 7-year notes (UST7YR 3.30, 0.00, -0.09%) , the last auction of the week, after previous sales have shown a notable drop in demand. Limiting losses, especially in short-term notes, the Federal Reserve will buy Treasurys maturing between 2012 and 2013 later in the session.
