TREASURIES-Bonds extend gains on jobless claims jump
NEW YORK, April 4
NEW YORK, April 4 (Reuters) - U.S. Treasuries extended gains on Thursday after a report that new jobless claims jumped last week added to evidence suggesting that the labor market lost some steam in March.
The benchmark 10-year Treasury note, up 7/32 of a point before the jobless claims report, was up 12/32 afterwards. Its yield eased to 1.77 percent, a three-month low.
The 30-year Treasury bond rose 26/32 as its yield eased to 3.01 percent.
The U.S. Labor Department said the number of Americans filing new claims for unemployment benefits rose 28,000 to a seasonally adjusted 385,000, the highest level since November.
It was the third straight week of gains in claims.
The U.S. Labor Department will release its monthly employment report on Friday.
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