India, Feb. 20 -- Following the lackluster performance seen in the previous session, treasuries moved to the upside during trading on Thursday.
Bond prices moved higher early in the day and remained firmly positive throughout the session. As a result, the yield on the benchmark ten-year note, which moves opposite of its price, fell 3.5 basis points to 4.50 percent.
The strength among treasuries came after the Labor Department released a report showing first-time claims for U.S. unemployment benefits climbed by a little more than expected in the week ended February 15th.
The Labor Department said initial jobless claims rose to 219,000, an increase of 5,000 from the previous week's revised level of 214,000.
Economists had expected jobless...