NEW YORK – Treasurys continued a rally Thursday after data showed a rise in the number of people applying for unemployment benefits and a drop in retail sales. Jobless claims rose by 8,000 to 339,000, which compares with a consensus estimate of 330,000. Retail sales also dropped 0.4% in January, compared with Wall Street expectations of a 0.1% drop. After the data, the benchmark 10-year note , which rises as prices fall, was down 6 basis points on the day at 2.736%. The 30-year bond yield fell 4 basis points to 3.680% and the 5-year note yield sank 6 basis points to 1.507%. Treasury prices had been climbing as investors took a risk-averse tone by bidding up safe debt and selling stock index futures. The Treasury Department will sell $16 billion of 30-year bonds at 1 p.m. Eastern.
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