Treasuries End Lower

Trading was volatile. The market was pressured by PPI and jobless claims data

Prices of U.S. Treasury issues ended lower Thursday amid volatile trading. There were sellers stacked up on the open. Retail sellers of spread product (making room for more corporate supply) and a selloff in European bonds following no statement from the ECB after the council meeting contributed to the pullback. Producer price and weekly jobless claims data were encouraging, also adding pressure to Treasuries. But then prices bounced on rate-lock unwinds, underscoring more price volatility.

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