Treasuries Lose Ground

Treasury prices were easing Thursday morning, led by a drop in the long bond.

The 30-year was losing 7/32 in price to 94 9/32, yielding 4.87%. The 10-year fell nearly 6/32 to 99, with a yield of 4.75%.

On the shorter end, the two-year slipped 1/32 to 99 31/32, yielding 4.89%, and the five-year gave up 2/32 to 100 and was yielding 4.74%.

In the foreign exchange market, the dollar was stronger, rising against the yen, the euro and the British pound.