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US yields near 2-month lows as weaker economic data pile up
U.S. Treasury yields hovered near two-month lows on Thursday after weekly jobless claims rose more than expected, helping cement expectations the Federal Reserve will not feel pressure to raise interest rates again to slow inflation. The Labor Department said on Thursday that claims for state unemployment benefits rose 13,000 to a seasonally adjusted 231,000 for the week ended Nov. 11, above the 220,000 claims that economists polled by Reuters had expected. A weaker labor market is widely seen as a boost to the Fed's fight against inflation as it has the potential to sap consumer spending. The slowing jobs market and ... (full story)