Vivien Lou Chen is a Markets Reporter for MarketWatch. You can follow her on Twitter @vivienlouchen.
Treasury yields were mixed to slightly lower Thursday morning, with the 10-year rate slipping further from its 16-year high, after data showed U.S. weekly initial jobless claims inched up to 207,000.
Meanwhile, the U.S. trade deficit shrank by 10% in August to an almost three-year low of $58.3 billion, reflecting a change in consumer spending habits and possibly some developing weakness in the economy.
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Bill Gross says the surging 10-year Treasury yield could test 5% in the short termOne-time bond king Bill Gross believes Treasury yields have the potential to shoot even higher in the short run.
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Asia-Pacific stocks fall as U.S. 10-year Treasury yield notches 16-year highAsia-Pacific markets fall after the U.S. 10-year Treasury yield hit its highest in 16 years.
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10-year Treasury yield touches fresh 16-year highU.S. Treasury yields rose on Wednesday, with the 10-year Treasury yield trading at levels last seen in 2007.
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