MW: Treasurys down, dollar pares loss after U.S. data
By Deborah Levine
NEW YORK (MarketWatch) -- The dollar slightly pared losses and Treasury prices remained lower on Thursday after a U.S. report showed consumer prices rose 0.5% in February, a little faster than some economists expected. A separate report showed first-time jobless claims fell to 385,000 in the latest week. Against the Japanese yen, the dollar (USDYEN 78.6600, +0.9500, +1.2233%) bought 78.63 yen, after falling to a postwar low and ending Wednesday around ¥76.32 in late North American trading. The dollar index (DXY 75.98, -0.70, -0.91%) , a measure of the U.S. unit against six major rivals, stood at 76.008, an improvement from 75.965, before the data but still down from 76.656 late Wednesday. The euro (EURUSD 1.4008, +0.0104, +0.7481%) rose to $1.4011, from $1.4018 earlier and up from $1.3892 late Wednesday. Yields on 10-year notes (UST10Y 3.25, +0.04, +1.31%) , which move inversely to prices, rose 6 basis points to 3.25%, after touching a three-month low Wednesday.
