Treasuries dropped for the second straight day following data showing a decline in weekly jobless claims and an increase rise in factory orders for October.

Around midday Thursday, the two-year note was off 3/32 to 99 26/32, yielding 3.10%. The five-year was dropping 10/32 to 96 15/32, with a yield of 4.30%. The 10-year Treasury was losing 18/32 to 100 8/32, yielding 4.96%.

The 30-year bond, which is being discontinued, was giving up 1 3/32 to 99 6/32 to yield 5.43%.