Yields Drop, Stocks Climb Amid Data & Trade Focus

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BondWatch Editorial

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Today’s Brief Initial jobless claims for the week ending April 26 unexpectedly rose to 241,000, contributing to concerns about a softening labor market. Continuing claims also increased to 1.916 million, the highest since November 2021. April manufacturing data was mixed: the S&P Global U.S. Manufacturing PMI final reading held steady at 50.2, indicating expansion, while…...

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