Two- and 10-year Treasury yields dropped by the most in two weeks on Thursday as investors assessed a mixed batch of U.S. data one day after the Federal Reserve refrained from raising interest rates.
What happened
What drove markets
Data released on Thursday showed that initial jobless claims topped 262,000 last week, remaining at the highest level since October 2021, in a sign of a softening labor market. In addition, U.S. industrial output was down 0.2% last month after a 0.5% gain the prior month.However,…
