From Nasdaq: 2024-04-04 15:07:27

Treasuries ended Thursday with gains as bond prices rose, pushing the yield on the ten-year note down to 4.309 percent. This followed a Labor Department report showing an increase in weekly jobless claims to 221,000, higher than expected. Economists had forecasted claims to reach 214,000. The rise in jobless claims raised speculation about potential interest rate cuts, with a 66.4 percent chance of a cut by the Federal Reserve in June. Traders are anticipating the release of the monthly employment report on Friday, expecting a rise of 200,000 jobs in March and an unchanged unemployment rate of 3.9 percent.



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