Treasuries Sell Off

Treasury prices were taking a dive Thursday, led by a drop of half a point in the 30-year bond.

Around 12:30 p.m. EST, the long bond was down 16/32 in price to 98 27/32, pushing the yield up to 4.82%. Prices and yields move in opposite directions.

The 10-year was losing 8/32 to 99 7/32, yielding 4.72%, and the five-year note was lower by 5/32 to 100 4/32, also yielding 4.72%.

Closer in, the two-year lost 2/32 to 99 25/32, with a yield of 4.85%. The three-year also shed 2/32 but was yielding 4.76%.

In the currency market, the dollar was lower against most other major currencies, but it did strengthen vs. the Canadian dollar. The greenback gave up ground to the euro, the yen, the pound and the Swiss franc.