BOND REPORT: Treasury Yields Edge Higher Ahead Of Jobless Claims

Treasurys edged lower Thursday, pushing yields up marginally, as investors awaited data on weekly jobless claims a day ahead of the November employment report.

What are yields doing?

The yield on the benchmark 10-year Treasury note rose 0.8 basis point to 2.347%, while the yield on the 2-year note rose 0.4 basis point to 1.815%. The yield on the 30-year Treasury bond , also known as the long bond, rose 0.3 basis point to 2.734%.

Yields and debt prices move in opposite directions.

What are investors watching?

The Labor Department will release data on weekly jobless claims at 8:30 a.m. Eastern. Analysts surveyed by MarketWatch expect the number of first time claims for jobless benefits filed in the latest week to come in at 240,000, up slightly from 238,000 the previous week.

Third-quarter flow of funds data is due at noon Eastern, while October…

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