Bonds extend losses after jobless claims data

U.S. Treasury debt prices extended losses on Thursday after data showed new claims for unemployment benefits fell for a second consecutive week last week.

Benchmark 10-year notes were trading 12/32 lower in price to yield 2.62 percent, up from 2.58 percent late on Wednesday. The notes had been trading 4/32 lower in price just prior to the release of the data.

The 30-year bond was trading 23/32 lower in price to yield 3.69 percent from 3.65 percent late on Wednesday.