January 17, 2019 / 1:58 PM / 2 months ago

TREASURIES-U.S. yields trim fall after jobless claims, Philly Fed data

NEW YORK, Jan 17 (Reuters) - U.S. Treasury yields pared their earlier decline on Thursday as an unexpected drop in domestic jobless claims and a larger-than-forecast increase in Philadelphia Federal Reserve’s regional business index reduced pessimism about the U.S. economy.

At 8:52 a.m. EST (1352 GMT), the yield on benchmark 10-year Treasury notes was down 0.4 basis point at 2.725 percent, which was above its earlier low of 2.698 percent. (Reporting by Richard Leong; Editing by Bill Trott)

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