MW: Treasurys prices pare gains on jobless claims data
By V. Phani Kumar
NEW YORK (MarketWatch) -- Treasury prices pared gains and mostly turned lower Thursday after data showed first-time jobless claims dropped to 391,000 in the latest week. Yields, which move invesely to prices, rose 2 basis points to 2.01% on the benchmark 10-year notes 10_YEAR +1.46% . 30-year bond yields 30_YEAR -0.46% pared losses and were little changed at 3.08%. On the shorter-end, yields on the 2-year notes 2_YEAR +6.37% rose one basis point to 0.26%, while those on the 5-year notes 5_YEAR +6.95% gained 5 basis points to 1.00%. A basis point is one-hundredth of a percentage point.
