Market Commentary

[Adam in CO]

U.S. Treasuries were little changed after a report showed the number of workers who filed for first- time unemployment benefits last week declined. The Labor Department in Washington said initial jobless claims totaled 305,000 in the week ending April 28, from a revised 326,000 during the previous period. The median estimate of 44 economists surveyed by Bloomberg News was for 325,000. The yield on the benchmark 10-year note was unchanged at 4.64 percent as of 8:40 a.m. in New York, according to bond broker Cantor Fitzgerald LP. The price of the 4 5/8 percent securities maturing in February 2017 increased 1/32, or 31 cents per $1,000 face amount, to 99 7/8. Bond prices move inversely to yields.