Markets & Finance

Treasury Prices Slip After Economic Data News


MARKETSCOPE : Treasury bond prices were drifting lower intraday on Thursday after news about payrolls and unemployment.

The 10-year Treasury notes were down 03/32 to 99-25/32 for yield of 4.531%, the 2-year note was unchanged at 99-21/32 for yield of 4.437%, and the 30 year bond was down 08/32 to 109-12/32 for yield of 4.736%.

November Nonfarm Payrolls rose 215,000, just about as the market expected but a bit lower than the 220,000 some brokerages forecast. This compared with a rise of 44,000 in October, which was revised from 56,000. The unemployment rate was steady at 5.0%. Average hourly earnings rose 0.2% from 0.6% in October, revised from 0.5% previously.


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