Futures Tick Lower After Jobs Data, Yields Rise: Markets Wrap
- US 2- to 30-year curve hits most inverted level this century
- Yuan weakens to 7 per dollar; gauge of the greenback steady
This article is for subscribers only.
US futures turned lower as investors parsed the latest batch of data that painted a mixed picture of the economy. Treasury yields rose though off session highs while the dollar spot index was steady.
Applications for US unemployment insurance fell for a fifth straight week, suggesting demand for workers remains healthy despite an uncertain economic outlook, data showed Thursday. Retail sales unexpectedly rose in August, but the data showed heavy downside revisions to the prior month’s number.