The 10-year rate rose to top 1.6% in the previous session, as the number of weekly jobless claims filed last week came in lower than expected., below the 425,000 forecasted by economists polled by Dow Jones.
The market has also been keeping tabs on inflation data, as the Fed has said it will let it run hotter, arguing that any rising price pressures are "transitory." She explained that, for the moment, rising inflation seemed to be down to "a lot of one-off factors" linked to the initial recovery from the coronavirus pandemic.
Negotiations in Washington over an infrastructure spending package are also in focus for investors. Senate Republicans presented ato President Joe Biden on Thursday, well below the White House's latest $1.7 trillion proposal.
My bet is the govt starts lying about inflation data before long in a vain attempt to pacify the public just like every good communist country does.
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