Prices for Treasuries pare losses after jobless claims data
NEW YORK |
NEW YORK (Reuters) - Prices for U.S. Treasuries pared losses on Thursday after weekly U.S. jobless claims data were slightly higher than expected.
The benchmark 10-year Treasury note last traded off 2/32 to yield 1.971 percent.
The 30-year bond traded down 4/32 to yield 3.179 percent.
Both had been lower in price before the data were released.
Initial claims for state unemployment benefits dropped by 5,000 to a seasonally adjusted 366,000, the Labor Department said on Thursday.
A Reuters poll forecast 360,000 jobless claims.
(Reporting By Luciana Lopez Editing by W Simon)
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