Treasuries gain as jobless claims increase unexpectedly last week

U.S. Treasuries advanced on Thursday paring their previous losses after a report showed that jobless claims in the country advanced surprisingly last week to the highest level in nine weeks rising speculation that the U.S. economy may be recovering slower. The benchmark 10-year government bonds yielded one basis point higher at 2.66% by 8:40 a.m. New York time.