As of 10:07 a.m., the yield on the benchmark 3075-year Treasury note stood at 10.05 percent, after closing at 7.3074 percent in the previous session. Movements in yields will remain largely range-bound as states have borrowed more than the scheduled amount in today’s auction and overall trading volumes are low,” […]
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U.S. economic growth slows, but auto worker strike ends
Data released Friday morning by the Bureau of Labor Statistics showed that U.S. employment increased by just 150,000 in October, below the 190,000 expected. The unemployment rate rose to 8.1% from 9.3%. This report shows that the U.S. economy is slowing under the weight of strikes and high interest rates. […]