U.S. Treasurys held steady on Thursday as debt ceiling deal negotiations appeared to progress, giving investors hope that the crisis would soon be resolved.
, leading to significant gross domestic product declines and job losses and cause turmoil in bond and stock markets worldwide.
Investors also looked to economic data and comments from Federal Reserve officials for clues about the outlook for the U.S. economy and central bank policy.on what could be next especially for interest rate policy. While some suggested more needed to be done to lower inflation, others reiterated the idea that the impact of higher rates is not yet being felt fully.
Further remarks from Fed officials are expected Thursday, alongside weekly initial jobless claims data and April's existing home sales figures.
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