Reply #32: Treasurys briefly extend decline after U.S. data releases [View All]

[UpInArms]

http://www.marketwatch.com/news/newsfinder/pulseone.asp?dateid=38638.3669806134-845819342&siteID=mktw&scid=0&doctype=806&

CHICAGO (MarketWatch) -- Treasury prices, already down for a third day, fell after the release of mostly bond-negative economic data issued Thursday morning -- reports that backed expectations for higher interest rates and perhaps justified the Fed's inflation concerns. The benchmark 10-year note was last 10/32 lower at 98 4/32. The price decline pushed its yield ($TNX) up to 4.49% after initially reaching 4.5%. Yields are at their highest in six months. Excluding oil, import prices climbed a record 1.2%. Excluding all fuels, prices rose 0.4%. Another report showed a drop in weekly filings for jobless benefits.