(Bloomberg) -- The policy-sensitive two-year Treasury yields dropped to the lowest level since May 2023 as traders fixated on upcoming jobs data for clues on...
-- The policy-sensitive two-year Treasury yields dropped to the lowest level since May 2023 as traders fixated on upcoming jobs data for clues on the magnitude of US interest-rate cuts.Kamala Harris Wipes Out Trump’s Swing-State Lead in Election Dead HeatThe two-year yield fell as much as four basis points to 4.11%, as an increase in unemployment claims and softer manufacturing readings Thursday prompted traders to price three quarter-point cuts from the Federal Reserve this year.
“Treasury sentiment is strongly positive and has gained momentum this week,” said Damien McColough, head of fixed-income research at Westpac Banking Corp. in Sydney. “With 10-year yields below 4%, the payrolls number could be a decisive factor into how far the current rally will extend. Should it endorse the current aggressive Fed pricing, then a shift in 10-year yields toward 3.8% in likely.
The Saskatchewan Health Authority is advising people not to swim at Regina Beach on Last Mountain Lake.This time of year, the beach and town about 45 kilometres northwest of Regina is a busy tourist area. On Thursday the SHA was putting up signs warning that the water is not suitable for swimming or other recreation activities.The reason is high levels of E.coli in the water. The bacteria can make people sick if ingested.
Davis Elementary School in Stockton got off to a rocky start this week after finding out E.coli bacteria is in the water supply. Wasco Mayor Alex Garcia announces resignation following assault, amid allegations stemming from Facebook postA study published earlier this week found several dark chocolate products may be contaminated with heavy metals, setting off concerns about overexposure. For the analysis, published in the journal Frontiers, researchers purchased and tested 72 different dark chocolate products for heavy metal contamination between 2014 and 2022.
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