May 25, 2016
Treasuries are the worst performers among developed bond markets in the past two years as the Federal Reserve raises interest rates, while other major central banks ease monetary policy.
America's merchandise trade gap widened less than forecast in April to $57.5 billion after shrinking a month earlier to its smallest in more than a year, advanced data issued by the Commerce Department showed on Wednesday.
Global equities rose to a two-week high amid increasing investor optimism that the world economy can withstand higher interest rates from the Federal Reserve. Oil advanced and gold fell amid a retreat in the dollar.
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