21 December 2001, 10:56  The short end of the U.S. Treasury market fell modestly

in price Thursday, pressured by stronger-than-expected initial jobless claims and Philadelphia Fed index data for December. The long end, however, out performed, supported by buybacks and the apparent death of President Bush's stimulus package. By day's end, yields on benchmark treasuries were mixed from 3:00 p.m. to 3:00 p.m. The 2Y yield rose 3.8 basis points to end at 3.112%. The 5Y yield added 3.1 basis points to end at 4.399%. The 10Y yield rose 1.7 basis points to end at 5.055%. But the 30Y yield fell 1.5 basis points to end at 5.436%.

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