MW: Treasurys, dollar down after jobless claims rise
By Deborah Levine
NEW YORK (MarketWatch) -- Treasury prices stayed down and the dollar remained under heavy pressure against the euro on Thursday after the Labor Department said weekly jobless claims rose 37,000 to 464,000, higher than analysts expected. Yields on 10-year notes (UST10Y 2.91, +0.03, +1.11%) , which move inversely to prices, rose 4 basis points to 2.92%. The euro (CUR_EURUSD 1.2861, +0.0109, +0.8548%) traded at $1.2866, up from $1.2764 in late North American trading Wednesday. The dollar index (DXY 82.74, -0.65, -0.78%) , which tracks the greenback against a basket of major currencies, sank to 82.725 from 83.298 late Wednesday. Still to come is data on existing home sales and the continuation of Federal Reserve Chairman Ben Bernanke's testimony to Congress. Also, the Treasury will announce how much in debt it will auction next week.
