Treasurys give up gains after dive in jobless claims


Treasury prices give back a portion of their early gains after the big drop in jobless claims to just 300K last week - the lowest print since May 2007.

The BLS says there's no special factors behind the sharp decline, but economists may think differently as Easter timing makes the seasonal adjustments trickier this time of year.

As low as 2.66% before the number, the 10-year yield is now off one basis point on the session at 2.68%. TLT +0.25%

ETFs: TBT, TLT, TMV, TBF, EDV, TTT, TMF, SBND, ZROZ, TLH, DLBS, VGLT, UBT, TLO, LBND, TENZ, TYBS, DLBL

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Comments (2)
  • Grant Dossetto
    , contributor
    Comments (200) | Send Message
     
    I think those gains are back.
    10 Apr 2014, 11:17 AM Reply Like
  • Playing the Ponzi
    , contributor
    Comments (143) | Send Message
     
    So amusing to see good news for the economy as bad news for equities, and vice versa day after day.
    10 Apr 2014, 02:09 PM Reply Like
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