Lates News

New York Times correspondent in the New York financial market: Today, the stock market is closed for the Easter holiday, but the bond market is still trading and will continue until local noon. Investors initially interpreted the new data as "the Federal Reserve can focus on lowering inflation against a backdrop of a still strong labor market." This likely means higher interest rates. The two-year US Treasury yield, sensitive to changes in interest rate expectations, surged to 3.85% after the data was released.