Treasuries Slide as New Jobless Claims Unexpectedly Slump
Treasuries fell after jobless claims dropped to their lowest level since 2022 in one of the last readings on the health of the US labor market before the Federal Reserve’s rate decision next week.
Yields climbed three to five basis points across tenors, led by the five-year. The 10-year note’s rose to 4.11%, exceeding end-of-day levels since Nov. 19.