The 10-year note fell 07/32 to 99-29/32 for a yield of 4.51%, while the 30-year bond sank 14/32 to 109-22/32 for a yield of 4.71%.
News hit that U.S. Personal Income rose 0.4% in October after a 1.7% surge in September. Personal Consumption Expenditures rose 0.2% following a 0.5% increase in September. The core PCE price deflator was up 0.1% on the month after a 0.2% increase in September, while the year on year rate slowed to 1.8% from 2.0%. The data results were in line with expectations.
Initial Jobless Claims fell to 320,000 in the week ended Nov. 26 from 337,000 a week ago. The 17,000 decline was larger than the 10,000 decline some had expected.