Sumary of TREASURIES-U.S. Treasury yields ease, TIPS auction bid at record low:
- (Adds results of 10-year TIPS auction) By Herbert Lash NEW YORK, July 22 (Reuters) – Yields on U.S. Treasuries eased on Thursday after the auction of $16 billion in 10-year TIPS was bid at a record low, while the latest jobless claims report reinforced expectations the Federal Reserve’s policy stance will remain dovish.
- The number of Americans filing new claims for jobless benefits rose to a two-month high last week, the Labor Department said in a report that nevertheless showed more people are returning to work.
- Initial claims for state unemployment benefits increased by 51,000 to a seasonally adjusted 419,000 for the week ended July 17, the highest level since mid-May.
- Economists polled by Reuters had forecast 350,000 applications for the latest week.