NEW YORK (AP) — Treasury prices are falling after the government reported a drop in unemployment claims.

The Labor Department said Thursday that first-time claims for unemployment benefits dipped below 400,000 last week for the first time in four months.

In afternoon trading, the 10-year Treasury is down $1.43 for every $100 invested. The drop in price raised the yield to 2.31 percent, up from 2.11 percent late Wednesday.

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