TREASURIES-Losses deepen on jobless drop, manufacturing rise
NEW YORK |
NEW YORK Oct 15 (Reuters) - U.S. Treasuries prices extended their losses on Thursday after reports showing a gauge of regional manufacturing jumped and new U.S. jobless claims fell.
Benchmark 10-year notes US10YT=RR, down 4/32 before the reports were released, were down 9/32 after the news. Ten-year notes yielded 3.45 percent, up from 3.42 percent on Wednesday.
A gauge of manufacturing in New York state jumped unexpectedly this month to its highest in five years on surging new orders, shipments and employment in the sector, the New York Federal Reserve said in a report on Thursday.
The survey of manufacturing plants in the state is one of the earliest monthly guideposts to U.S. factory conditions.
Meanwhile, the number of U.S. workers filing new claims for jobless insurance unexpectedly fell 10,000 last week to 514,000, the lowest level since January, according to a government report on Thursday that hinted at stabilization in the labor market.
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