MW: Treasurys spike to 2011 highs after data deluge
By Ben Eisen
NEW YORK (MarketWatch) -- Treasury yields are once again spiking higher after a swath of new data Thursday, pushing the haven government debt to the highest yields since 2011. The 10-year Treasury note 10_YEAR +3.13% yield, which moves inversely to price, is up 7 basis points on the day at 2.790%, on track for its highest since July 29, 2011. The 30-year bond 30_YEAR +1.78% yield rose 6 basis points to 3.815%, also its highest since 2011. The 5-year note 5_YEAR +5.33% yield rose 6.5 basis points to 1.548%. Data showed a drop in jobless claims, as well as a rise in consumer-price index. The Empire State index retreated.
