Treasuries Finish Higher

Shorter-dated issues led the gains as a stock rally faltered

Treasuries resumed their rally on Thursday, albeit at a slower clip, paced by prices at the fleet front-end of the curve. Following a sizable 60,000 plunge in jobless claims to 378,000, stocks and the dollar initially shot higher and Treasuries dipped across the maturity spectrum. But even the Labor Department disputed its own findings as seasonally tainted and the market orientation soon reversed.

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