US bond yields higher on unemployment data

Prices were lower on US Treasury bonds Thursday and yields rose on new data showing that there were 12,000 less new unemployment claims filed last week than the week before while the four-week average for jobless filings dropped by 3,000.

In addition, import prices were 1 percent higher in September while export prices were only up 0.3 percent in the month.

Two-year Treasury bonds were yielding 4.19 percent, higher than Wednesday’s late quote of 4.15 percent.

Meanwhile, ten-year issues rose from Wednesday’s late yield of 4.65 percent to 4.69 percent Thursday afternoon and thirty-year paper yielded 4.89 percent.

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