NEW YORK Jan 31 Prices for U.S. 30-year
Treasuries pared gains after a slew of U.S. economic data on
Thursday showed incomes rose in December but jobless claims
moved off five-year lows.
Prices for 30-year bonds pared early gains, with yields
spiking as high as 3.1736 percent. Those Treasuries
last traded up 8/32 to yield 3.167 percent.
American incomes rose in December by the most in eight
years, a positive sign for consumer spending that could help the
economy sustain momentum early this year.
However, the number of Americans filing new claims for
unemployment benefits bounced off five-year lows last week,
pulling them back to levels consistent with modest job growth.