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TREASURIES-US yields rise as data suggests higher rates for longer - Yahoo Finance

(Adds comment, background in paragraphs 4-6, Harker reference in paragraph 7, updates prices at 2:21 p.m. EDT) By Herbert Lash NEW YORK, Aug 24 (Reuters) - Treasury yields rebounded on Thursday after a big sell-off the day before as claims for unemployment benefits pointed to a still-strong U.S. jobs market that will keep alive the Federal Reserve's hawkish message of higher for longer interest rates. The number of Americans filing new claims decreased by 10,000 to a seasonally adjusted 230,000 for the week ended Aug. 19, the Labor Department said. Other data showed new orders for key U.S.-manufactured capital goods rose modestly in July, suggesting business spending on equipment could continue to grow after rebounding in the ...

Yahoo     Aug 24, 2023