By Laura Mandaro
SAN FRANCISCO (MarketWatch) -- U.S. Treasurys Thursday lightly trimmed losses after a survey of U.S. manufacturing came in weaker-than-expected. Government bonds had fallen ahead of the report after better data on jobless claims. Yields on the 10-year note 10_YEAR +2.73% were up 5 basis points to 2.03% vs. a rise of 8 basis points ahead of the data. Yields move inversely to prices, and a basis point is 1/100th of a percentage point. Yield on the 5-year note 5_YEAR +4.98% rose 4 basis points to 0.91%. Earlier they touched 0.93%, the highest since late December. The Institute for Supply Management said its manufacturing index declined to 52.4% from 54.1% in January. Economists expected a rise to 55%.
