Long-dated treasuries were lower on Thursday on a jump in January import prices, a drop in weekly jobless claims, and Greenspan's comments to the Senate yesterday. Foreign retail were buyers of 2-year and 5-years outright, while some dealers saw outright long end sales, according to Informa. The jump in headline Philly Fed was ignored, with the focus shifted to the drop in the employment component. Greenspan repeated his testimony before the House. While the question and answer session was lively, it had no market impact.
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