May 5, 2016
Treasuries pared losses after data showed U.S. jobless claims rose to the highest level in five weeks. The benchmark 10-year note yield was little changed near the lowest level in two weeks. traders are awaiting further insight into the state of the labor market.
Consumer confidence fell to the lowest level since mid-December as Americans grew more pessimistic about the economy, their finances and the buying climate. The Bloomberg Consumer Comfort Index decreased to 42 in the week.
Developed markets rebounded as investors took solace from a second day of gains in oil prices, though assets in emerging economies told a different story amid a selloff in Turkish bonds. The S&P 500 Index rebounded from a three-week low.
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