Treasuries opened under pressure, dropped after the fall in weekly jobless claims data, but managed to pare losses at the end of the day.
The market got a bid as overall, Philly Fed disappointed, coming in well off the expected 35. New orders were off significantly from the previous two months, although the average workweek rose. But trading was directionless in the afternoon, ahead of Friday's Consumer Prices Index report. Standard & Poor's MMS expects an 0.1% increase in January.