NEW YORK (CNNMoney.com) - Bonds slipped ahead of the Thanksgiving break Wednesday as investors focused on strengthening consumer confidence data and revisited the minutes of Federal Reserve's November rate-setting meeting.

The dollar fell against the euro and the yen.

The benchmark 10-year note fell 11/32 to 100-06/32 to yield 4.47 percent, up from 4.43 late Tuesday. The 30-year bond dipped 26/32 to 110-27/32 to yield 4.70 percent, up from 4.66 in the previous session. Bond prices and yields move in opposite directions.

In shorter-dated debt, the two-year note lost two ticks, yielding 4.35 percent, and the five-year note fell 5/32, yielding 4.37 percent.

The bond market will be closed Thursday and will close early Friday.

Bond prices turned lower following the University of Michigan's index of consumer sentiment, which improved in November on easing gasoline prices and the fading effects of Hurricane Katrina.

The index rallied to a higher-than-expected 81.6 this month and was up from 74.2 in October..

The minutes from the Federal Reserve's Open Market Committee meeting on Nov. 1 also weighed on Treasuries as investors realized that yields were not justified by data from the meeting.

"To a certain extent the market is correcting the bullishness that came from the Fed minutes because the text was a lot less dovish than the headlines," David Ging, fixed-income strategist at Credit Suisse First Boston, told Reuters.

Treasuries jumped Tuesday afternoon after minutes from the Fed's November meeting showed bankers worried about inflation but also considering language changes to its policy statement. (Full story.)

"All members believed it important to continue removing monetary policy accommodation in order to check upside risks to inflation and keep inflation expectations contained, but noted that policy setting would need to be increasingly sensitive to incoming economic data," the minutes said. (Click here to read the full statement.)

Bond prices gained ground as the change to Fed language hinted at an end to the Fed's rate-hiking campaign.

Treasuries however overlooked a surprise increase in jobless claims, as the Labor Department reported that the number of Americans filing new claims for jobless benefits increased by 30,000 last week as hurricane-related claims kept rising. (Full story.)

The report said there were about 10,000 new, non-seasonally adjusted claims related to hurricanes Katrina and Rita.

In currency trading, the euro bought $1.1819, up from $1.1804 late Tuesday. The dollar bought ¥118.72, down slightly from ¥118.85 in the previous session.

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For updated bond charts, click here.