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TREASURIES-Treasuries extend losses after jobless claims

Thu Jun 19, 2008 8:38am EDT
 
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NEW YORK, June 19 (Reuters) - Treasury debt prices extended earlier losses on Thursday after U.S. weekly initial jobless claims fell in the latest week, indicating the labor market was not deteriorating as rapidly as some analysts had expected.

The benchmark 10-year Treasury note <US10YT=RR>'s price, which moves inversely to its yield, traded down 10/32 for a yield of 4.18 percent, versus 4.16 percent before the data and versus 4.14 percent late Wednesday. (Reporting by John Parry; Editing by Theodore d'Afflisio)

 

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