Treasuries Close Nearly Unchanged Following Slew Of Economic Data

(RTTNews) - Treasuries saw modest strength for much of the trading day on Wednesday but ended the session nearly unchanged.

Bond prices pulled back near the unchanged line going into the close. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, edged down by less than a basis point to 0.878 percent.

The roughly flat close by treasuries came following the release of a slew of U.S. economic data, with a report from the Labor Department showing fist-time claims for U.S. unemployment benefits unexpectedly increased in the week ended November 21st.

The report said initial jobless claims climbed to 778,000, an increase of 30,000 from the previous week's revised level of 748,000.

The increase surprised economists, who had expected jobless claims to drop to 730,000 from the 742,000 originally reported for the previous week.
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