Rising jobless claims trigger U.S. Treasury rally

04/5/2013 | Reuters · Bloomberg

U.S. Treasury prices rose to their highest level this year, sending yields close to a 3½-month low, after rising initial jobless claims touched off a flight to safety by fixed-income investors. The Labor Department said initial unemployment claims increased by 28,000 last week, to a seasonally adjusted 385,000, the most new claims in a week since November.

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Reuters · Bloomberg

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