MW: Treasurys give up gains after jobless claims fall
NEW YORK (MarketWatch) -- Treasury prices gave up earlier gains on Thursday after the Labor Department said 502,000 Americans filed first-time claims for unemployment benefits in the latest week, falling to a lower level than economists expected. Yields on 10-year notes (UST10Y 3.47, -0.01, -0.37%) , which move inversely to prices, rose 1 basis point to 3.48%. Traders' attention will quickly turn to the government's sale of a record $16 billion in 30-year bonds (UST30Y 4.41, +0.01, +0.27%) during the session, the last of three major note and bond auctions this week. Complicating preparation for the auction, bond markets were closed on Wednesday for Veterans Day.
