Treasury Yields Inch Up, Jobless Claims Hit Five-Week Low
While not overwhelming, 10-year U.S. Treasury yields showed a steady increase during the week, moving north to 2.75 percent. And while U.S./China trade tensions continue to dominate the market, strong economic data supported the notion that the world’s largest economy continues to grow. Data showed U.S. jobless claims fell to a five-week low and a gauge of factory production far exceeded analysts’ projections. And finally, the Fed released a survey showing business executives have grown more worried about increased financial market volatility, rising short-term interest rates, falling energy prices and elevated trade and political uncertainty.