Treasuries were higher around midday Thursday following a report showing that initial jobless claims rose in the latest week.
Longer-term issues were stronger. The two-year note was rising 1/32 to 100 4/32, yielding 3.18%. The five-year was gaining 2/32 to 95 28/32 to yield 4.45%, and the 10-year was adding 8/32 to 99 2/32, with a yield of 5.12%. The 30-year bond was ahead by 8/32 to 97 21/32, yielding 5.54%.
The Labor Department said 447,000 people filed first-time applications for unemployment benefits in the week ended Dec. 29, an increase of 36,000 from the upwardly revised 411,000 claims in the prior week.