Summary Box: Treasury prices up on jump in jobless claims, disappointing retail sales reports

Summary Box: Treasury prices up on jobless claims

JOBLESS CLAIMS SPIKE: The Labor Department said initial claims for unemployment benefits jumped to 479,000 last week from a 460,000 a week earlier. Economists polled by Thomson Reuters had forecast new claims would fall modestly.

SLUGGISH SPENDING: Monthly retail sales reports showed shoppers remain skittish about spending.

TREASURY PRICES RISE: The price of the 10-year note rose 40.63 cents to $105, while the 30-year bond’s price rose 53.13 cents to $105.531.