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TREASURIES-Bonds extend gains on jobless claims jump
April 4, 2013 / 12:45 PM / 5 years ago

TREASURIES-Bonds extend gains on jobless claims jump

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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