Bloomberg News

Treasuries Drop Before Report on U.S. Initial Jobless Claims

February 22, 2012

Feb. 23 (Bloomberg) -- Treasuries fell before a government report that economists said will show initial claims by Americans for jobless benefits remained close to a four-year low.

The yield on the 10-year security rose two basis points to 2.02 percent as of 12:08 p.m. in Tokyo.

To contact the reporter on this story: Wes Goodman in Singapore at wgoodman@bloomberg.net

To contact the editor responsible for this story: Rocky Swift at rswift5@bloomberg.net


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