U.S. government debt prices were higher Thursday morning as investors look ahead with trepidation to U.S. jobless claims data amid widespread coronavirus lockdowns.
A two-day risk asset rally ran out of gas on Wednesday and stock futures pointed to opening losses on Thursday, with national initial jobless claims data released later in the day expected to show a substantial spike due to nationwide business closures.Wednesday night in a bid to shore up the economy as the coronavirus pandemic continues to spread, with more than 69,000 cases now confirmed in the U.S. and more than 1,000 deaths, according to Johns Hopkins University.
The much-feared initial jobless claims figures are due at 8:30 a.m. ET along with fourth-quarter GDP growth, PCE inflation data and corporate profits, and February's goods trade balance and wholesale inventories numbers. Auctions will be held Thursday for $60 billion of 4-week Treasury bills, $50 billion of 8-week bills and $32 billion of 7-year notes.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Negative rates come to the US: 1-month and 3-month Treasury bill yields are now negativeYields on both the one-month and three-month Treasury bills dipped below zero Wednesday
Read more »
This Is Us Season 4 Finale: Surprise Children & One Huge FightThis Is Us said goodbye to season four with some major reveals and a few big surprises we'll be thinking about all the way until season five
Read more »
Target CEO withdraws forecast: 'None of us know how long this virus is going to last'As Target sees a “surge in business” with people stocking up on items during the coronavirus pandemic, CEO Brian Cornell describes the company’s $300 million investment in its employees.
Read more »