Optimistic manufacturing reports pushed interest rates for the bond market higher on Thursday as attraction to safe investment weakened.
U.S. manufacturing grew at its quickest pace in more than five years for the month of March. Global figures parallel these gains with Chinese and European manufacturing rates also on the rise.
Treasury prices also declined on Labor Department reports indicating the four-week average of unemployment claims slide to its best levels in a year and a half.
Prior to the new data, investor anxiety over government job reports expected for release on Friday pushed up Treasury prices. The stock market will be closed on Friday for Good Friday.
Economists estimate that 190,000 non-farm jobs were added to the payroll for March.
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