Treasuries Slide as Jobless Claims Decline

Stocks rose and economic data hinted at slowing workforce cuts, pulling down bonds

Longer-dated treasuries continued to be wound down Thursday ahead of Friday's payrolls results -- immune to further leprosy in the manufacturing sector, which cast doubt on Q2 GDP growth. Profit taking set the tone and the weight of supply and suspense both induced yields to back up, particularly at the front end, which left the curve slightly flatter.

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