TREASURIES-Bonds hold steady after jobless claims data
NEW YORK, Nov 12 (Reuters) - U.S. Treasury prices held steady on Thursday after data showed weekly jobless claims fell more than expected, suggesting some stabilization in the U.S. job market.
The U.S. Labor Department said weekly jobless claims fell to 502,000 in the week ended Nov 7, compared with a revised 514,000 in the prior week. Analysts polled by Reuters forecast 510,000. For more, see [ID:nOAT004352]
The price on 30-year Treasury bonds, the longest U.S. government debt maturity, last traded up 3/32, little changed from the level prior to the jobless data.
Their yield which moves inversely to their price was 4.41 percent, unchanged from the level before the data and late Tuesday.
The U.S. bond market was closed on Wednesday for Veterans Day. (Reporting by Richard Leong; Editing by Theodore d'Afflisio)
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