From Nasdaq, Inc.:

Treasuries dropped sharply after a huge spike the day before. The yield on the benchmark ten-year note rose 6.1 basis points to 3.850 percent. This decline happened after a paradoxically weak jobs report that showed that unemployment claims actually rose by 12,000 in the week ended December 23rd. On the housing front, pending home sales remained unchanged in November. In separate news, $40 billion worth of seven-year notes were auctioned with average demand, and auctions for two-year and five-year notes had average demand as well. Trading activity ahead of the New Year’s weekend is expected to be tepid.



Read more: Treasuries Show Notable Move Back To The Downside