|
NEW YORK (CNNMoney.com) -
Treasury prices rose across the board Thursday after a key reading on inflation came in tame in November.
The dollar lost against the euro and yen, after three straight days of gains.
The government reported that personal spending rose 0.3 percent in November, compared to analysts' expectations of a 0.4 percent gain.
Excluding volatile food and energy costs, the Commerce Department said its price index for consumer spending -- said to be the Federal Reserve's favorite gauge of inflation -- edged up just 0.1 percent. (Full story)
Jobless claims came in lower than expectations -- 318,000 in November vs. analysts' predicted 325,000. (Full story)
The benchmark 10-year note gained 12/32 to 110-10/32, yielding 4.45 percent, down from 4.49 late Wednesday.
The 30-year bond gained 20/32 of a point to 110-27/32 to yield 4.64 percent, down from 4.67 in the previous session. Bond prices and yields move in opposite directions.
In shorter-dated debt, the two-year note gained two ticks, yielding 4.41 percent. The five-year note was up 5/32, yielding 4.40 percent.
The euro bought $1.1885, up from $1.1836 late Wednesday in New York. The dollar bought ¥116.60, down from ¥117.37 in the previous session.
_________________________
For all the latest info in Markets, click here.
|
