Treasury prices climbed yesterday after an unexpected increase in new jobless claims encouraged hopes for another easing in Federal Reserve monetary policy and spurred heavy buying of Treasury securities.

By late in the afternoon, the 30-year bond was up 5/8 point to yield 7.76%, while short-term notes were up 1/8 to 3/8 point. Prices began to rise yesterday morning after the Labor Department said new filings for unemployment insurance rose 16,000 to 422,000 in the week ended June 13. The market had expected a small decline in claims.

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