Yields and prices have an inverted relationship. One basis point equals 0.01%.Investors weighed the state of the U.S. economy and the path ahead for monetary policy after the latest economic data and comments from Federal Reserve officials.
showed that import prices soared 0.9%, far higher than the 0.3% Dow Jones estimate, while the latest weekly initial jobless claims figures were broadly in line with expectations.came in 0.3% higher from the previous month and rose 3.4% from a year earlier. The monthly figure was just below forecasts, while the annual reading was in line with expectations.
Source: Financial Digest (financialdigest.net)
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