Цены на алюминий держатся у максимумов за 10 лет благодаря растущему спросу на металл на фоне общего восстановления мировой экономики от последствий пандемии
The Feds hawkish shift this month dealt a blow to wagers on a selloff in Treasuries and a steeper yield curve by briefly tamping down inflation concerns. The benchmark 10-year rate is around 25 basis points below the 14-month peak touched at the end of March.
Some 68,000 jobs were lost in May, more than the average analyst prediction for a loss of 20,000. The unemployment rate climbed to 8.2%, in line with analyst expectations. Employment is now 3% below pre-pandemic levels, Statscan said.
US yield curve steepest in a week after manufacturing data
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Last Updated: Jun 01, 2021, 08:39 PM IST
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Synopsis
The steeper yield curve on Tuesday reflected expectations that the Federal Reserve would hold interest rates low for now, even as the economy recovers.
The benchmark 10-year yield , a proxy for the market s view on the health of the economy, was last 3.7 basis points higher on the day to 1.630%.
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NEW YORK: The U.S. Treasury yield curve hit its steepest level in a week on Tuesday morning after manufacturing data showed strong demand, even as industry faced labor and raw material shortages.