Forex News: US Treasurys are trading lower in London Thursday as investors use the overnight rally in NY as an opportunity to book profits. The yield spread between the 2-year and 10-year sectors narrows by 1.5bp to +142.0bp from +143.5bp Wednesday. The 2-year note is down 2/32 at 100 28+/32, yielding 2.41%, the 10-year note down 5+/32 at 100 11+/32, yielding 3.83%, and the 30-year bond down 6/32 at 99 6/32, yielding 4.425%. Weekly jobless claims, forecast +6K to total 410K, are due at 1230 GMT. Fed Chairman Bernanke and Treasury Secretary Paulson testify before the House Financial Services Committee at 1400 GMT. The Treasury auctions USD8.0B 10-year TIPS [1700 GMT]. In subdued trading ahead of the BOE interest rate decision at 1100 GMT, bunds edge higher as European equity markets tumble. September bunds are up 0.10 at 112.30. September gilts are up 0.25 at 106.60, buoyed by weak UK housing data
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