NEW YORK (MarketWatch) -- Treasury prices extended losses on Thursday, pushing 10-year yields towards the biggest annual increase in a decade, after the Labor Department said the number of Americans claiming first-time unemployment benefits fell 22,000 to 432,000 in the latest week, though analysts noted holiday and weather tend to cause big swings this time of year. Yields on 10-year notes (UST10Y 3.79, -0.01, -0.16%) , which move inversely to prices, rose 4 basis points to 3.83%, near the highest since August. Bond markets are expected to close at 2 p.m. Eastern time. Analysts noted extremely light volume on the last day of the year, with volume barely 10% of the recent average.
