Mumbai, Sept. 12 -- The US treasuries edged higher, extending the recent upward trend as weak labor market data weighed on sentiments despite a slight firming in consumer price inflation. The yield on the benchmark ten-year note, which moves opposite of its price, fell 2.1 basis points to a five-month closing low of 4.01%. The US consumer price index saw seasonally adjusted 0.4% rise for August, marking the biggest gain since January. Annual inflation came at 2.9%- also highest since January. However, in another critical data, the US Labor Department reported a surprise increase in weekly unemployment compensation filings to a seasonally adjusted 263,000 for the week ended 6th September, up 27,000 from the prior period's revised figure. T...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.