Tag: treasuries
TREASURIES-Losses scored on jobless drop, manufacturing rise
by admin on Oct.19, 2009, under Manufacturing
NEW YORK, Oct 15 (Reuters) – U.S. Treasury debt prices fell on Thursday on fresh signs of recovery in manufacturing and the labor market.
The number of U.S. workers filing new claims for jobless insurance declined unexpectedly by 10,000 last week to 514,000, the lowest level since January. The U.S. Labor Department report hinted at stabilization in the labor market.
In another piece of good economic news, the Federal Reserve Bank of New York’s gauge of New York State manufacturing unexpectedly jumped this month to its highest in five years as new orders, shipments and employment surged.
