TREASURIES-U.S. Treasuries trim gains after jobless data
NEW YORK Nov 8 (Reuters) - U.S. Treasuries trimmed modest gains on Thursday after the U.S. Labor Department's count of new filings for jobless benefits was lower than economists had forecast.
The benchmark 10-year yield stood at 1.68 percent after the report.
New jobless claims fell to 355,000 in the week ended Saturday, below the 370,000 median forecast in a Reuters poll.
A Labor Department analyst said Sandy, a mammoth storm that slammed into the East Coast on Oct. 29, boosted claims in some states by leaving people out of work, but also reduced claims in at least one state because power outages kept the state from collecting claim reports.
The storm could continue to affect the claims report for several more weeks, the analyst said.
- South Korea recovers first bodies from inside sunken ferry |
- Special Report: How the U.S. made its Putin problem worse
- Japan expands army footprint for first time in 40 years, risks angering China
- Vice-principal of South Korea school in ferry disaster commits suicide |
- Mediator heads to east Ukraine, seeking surrenders |