NEW YORK (CNNMoney.com) -- Treasury prices fell Thursday on strong economic data and an announcement of a fresh supply of government debt.
What prices are doing: The benchmark 10-year note fell 3/32 to 98-1/32 and its yield rose to 3.87% from 3.82% late Wednesday. Bond prices and yields move in opposite directions.
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| Click chart to view current rates and yields. |
The 30-year bond fell 2/32 to 98-4/32 with a yield of 4.73%. The 5-year note fell 2/32 to 99-6/32 and yielded 2.59%. The 2-year note edged down 1/32 to 99-9/32 with a yield of 1.07%.
What's moving the market: A report from the Institute for Supply Management showed that manufacturing activity in March grew at the fastest pace since July 2004, boosting investors' appetite for risk and putting pressure on Treasurys, which are perceived as safe-haven investments.
Prices also fell as investors digested jobs data that showed the number of Americans that filed for unemployment insurance last week matched the lowest level since August 2008.
Traders are preparing for the March jobs report due Friday. Economists surveyed by Briefing.com expect employers added 190,000 positions during the month.
The Treasury department announced a fresh supply of government debt Thursday and plans to sell $82 billion in securities next week. The government's auction of $118 billion in notes last week was met with lackluster demand.
What investors are saying: Stronger than expected manufacturing data and a drop in jobless claims bolstered investors' appetite for riskier assets and lowered demand for Treasurys, said Kim Rupert, fixed income analyst at Action Economics.
And though the government's supply announcement was in line with expectations, Rupert said that current demand for Treasurys isn't enough to support a flood of new notes. 
| Overnight Avg Rate | Latest | Change | Last Week |
|---|---|---|---|
| 30 yr fixed | 3.80% | 3.88% | |
| 15 yr fixed | 3.20% | 3.23% | |
| 5/1 ARM | 3.84% | 3.88% | |
| 30 yr refi | 3.82% | 3.93% | |
| 15 yr refi | 3.20% | 3.23% |
Today's featured rates:
| Index | Last | Change | % Change |
|---|---|---|---|
| Dow | 32,627.97 | -234.33 | -0.71% |
| Nasdaq | 13,215.24 | 99.07 | 0.76% |
| S&P 500 | 3,913.10 | -2.36 | -0.06% |
| Treasuries | 1.73 | 0.00 | 0.12% |
| Company | Price | Change | % Change |
|---|---|---|---|
| Ford Motor Co | 8.29 | 0.05 | 0.61% |
| Advanced Micro Devic... | 54.59 | 0.70 | 1.30% |
| Cisco Systems Inc | 47.49 | -2.44 | -4.89% |
| General Electric Co | 13.00 | -0.16 | -1.22% |
| Kraft Heinz Co | 27.84 | -2.20 | -7.32% |
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