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Treasurys cut losses after jobless claims
NEW YORK (MarketWatch) -- Treasurys prices cut losses Thursday after data showed the number of people applying for unemployment benefits rose by more than Wall Street expected. Jobless claims jumped by 28,000 last week to 326,000, above the 315,000 expected by MarketWatch-polled economists. After the data, the 10-year note yield was up half a basis point at 2.539%. The 30-year bond yield fell half a basis point to 3.410%, and the 5-year note yield rose 1.5 basis points to 1.538%. Investors will look to data on existing home sales at 10 a.m. Eastern, and an auction of 10-year Treasury inflation-protected securities at 1 p.m.
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