Initial Jobless Claims Dip, And 10-Year Yield Surges
Treasuries declined for a fourth day, the longest losing streak since January, after initial claims for jobless benefits in the U.S. unexpectedly fell to a six-week low, spurring appetite for higher-yielding assets. U.S. 10-year note yields rose the most in a month before government nonfarm-payrolls data tomorrow that are forecast to show employers added 165,000 jobs in February. The benchmark yields increased a month ago when payrolls grew by
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