Corporate Earnings Spring to the Fore
The 10-year Treasury yield rose to 2.50 percent after Labor Department data showed filings for U.S. unemployment benefits dropped to a 49-year low. The unexpected data is just one more confirmation that the U.S. economy remains on solid footing while inflation stays muted. Investors will now switch their focus to corporate earnings as that season is upon us. Solid earnings will add to investor confidence as warnings of a global economic slowdown abound.