Treasuries End Lower on Jobless Data

Treasuries declined on the unexpected drop in jobless claims. Traders squared their positions going into the long holiday weekend

Treasuries ended lower in light trade as traders squared their positions ahead of the long holiday weekend. The decline started in morning trade after the surprisingly large drop in weekly jobless claims, which offered further signs of a stabilizing job market and led to speculation that the Fed would soon tighten rates.

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