MarketPR
Treasury yield crossed above 4.7% on Wednesday, its highest print since January 2025.
The move came after weekly unemployment insurance claims posted a sharp decline, giving traders fresh reason to push back expectations for Federal Reserve rate cuts.
Oil prices climbed in the same session, and yields followed. The catalyst: labor claims sharpen the rate argument A slump in weekly unemployment insurance claims was the session's trigger.
Fewer jobless filings signal a labor market that is holding together, which means the Fed has less cover to cut.
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