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Traders are starting to pricing in a rate hike

Treasurys are under early selling pressure on Thursday morning after the number of first-time filings for unemployment insurance fell to 249,000 last week, below expectations of an increase to 256,000. The reading was just 1,000 more than the lowest level of this economic cycle hit in April. Meanwhile, the four-week average of 253,500 was the lowest level since December 8, 1973.
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