8:57 AM » Treasurys fall after jobless claims, trade data
NEW YORK (MarketWatch) -- Treasury prices fell Thursday, on track for their third consecutive day of losses, after data showed a drop in the number of people applying for unemployment benefits. The benchmark 10-year note yield, which rises as prices fall, was up 1.5 basis points on the day at 2.684%. The 30-year bond yield rose slightly to 3.655%, and the 5-year note yield rose 2 basis points to 1.511%. Jobless claims dropped by 20,000 to 331,000 last week, falling more than consensus estimates of 337,000. Data also showed the trade deficit widened by 12% to $38.7 billion in December.