Treasurys little changed ahead of jobs report

AP News
Posted: Feb 02, 2012 4:45 PM
Treasurys little changed ahead of jobs report

Bond traders remained on the sidelines ahead of Friday's crucial unemployment report.

The U.S. government will report on how many jobs the country added hired in January, what happened to the unemployment rate and whether wages increased, a key factor in an economy that is 70 percent powered by consumer spending.

Treasury prices barely budged in Thursday trading. The price of the benchmark 10-year Treasury note rose 9 cents for every $100 invested, sending its yield to 1.82 percent from 1.83 percent late Wednesday.

The 30-year bond fell 31 cents, and its yield remained flat at 3 percent.

The number of people seeking unemployment benefits fell last week to 367,000. When applications stay below 375,000, it usually signals that hiring is strong enough to lower the unemployment rate.

In the shorter-maturity bond markets, the yield on the two-year note rose slightly to 0.23 percent from 0.22 percent. The three-month T-bill paid a yield 0.08 percent, up from 0.06 percent.