TOKYO Jan 25 U.S. Treasuries slipped slightly
in Asian trading on Friday, after better-than-expected U.S. data
suggested the economy could be improving.
* New claims for jobless benefits fell to a five-year low
last week, data on Thursday showed, and a separate gauge of
manufacturing activity unexpectedly rose to a nearly 2-year
* Yields on 10-year Treasuries crept up slightly
to 1.856 percent in Asian trade on Friday, from 1.852 percent in
late U.S. trade on Thursday.
* Yields on 30-year Treasuries inched higher to
3.048 percent, from 3.047 percent on Thursday.
* "The U.S. economy has showed signs of strengthening, which
has pushed up Treasury yields," said Ayako Sera, market
economist at Sumitomo Mitsui Trust Bank.
"The jobless claims data were better than expected, and this
pushed up yields, and the dollar followed," she said. "We have
to see what the U.S. payrolls report next week shows, but if
it's strong, it could be tough for bonds."
* Analysts polled by Reuters expect the government's
employment report due on Feb. 1 will show 165,000 jobs were
added to payrolls this month, up from 155,000 new positions in
December. The unemployment rate is expected to hold steady at