MW: Treasurys remain weaker after claims, GDP data
By William L. Watts
NEW YORK (MarketWatch) -- U.S. Treasury prices remained lower Thursday, pushing up yields, after data showed first-time claims for unemployment benefits fell more than expected to a four-month low and the Commerce Department revised up its estimate of fourth-quarter economic growth. The yield on the two-year Treasury note 2_YEAR +3.33% rose more than 1 basis point to 0.457%, while the yield on the 10-year note 10_YEAR +0.33% rose half a basis point to 2.699%. Yields move in the opposite direction of prices. The yield on the 30-year bond 30_YEAR -0.20% declined nearly 1 basis point to 3.534%.
