MW: Treasurys, dollar down after claims, trade data
By Deborah Levine
NEW YORK (MarketWatch) -- Treasury prices stayed lower and the dollar lost ground on Thursday after the Labor Department said 462,000 Americans claimed unemployment benefits for the first time, down 6,000 from the previous week. A separate report showed the U.S. trade deficit unexpectedly narrowed to $37.3 billion in January. Yields on 10-year notes (UST10Y 3.72, +0.02, +0.54%) , which move inversely to prices, rose 2 basis points to 3.74%, the highest in two weeks. The dollar index (DXY 80.41, -0.03, -0.04%) , which measures the U.S. unit against a trade-weighted basket of six major currencies, fell to 80.328, compared to 80.342 before the data and down from 80.484 late Wednesday. The euro bought $1.3676, up from $1.3651 before the data. Bond traders are also gearing up for the last auction of the week, in which the government will sell $13 billion in 30-year bonds (UST30Y 4.69, +0.01, +0.30%) .
