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US government bonds slide amid upbeat economic news
US government bond prices edged lower on Wednesday after a data stream suggested the economy remains on solid footing. The yield on the 10-year US Treasury note stood at 2.145%, down from 2.134% on Tuesday. Yields rise as bond prices fall. Bond yields extended their gains after data showed U.S. economic growth recovered faster than …
Welcome economic news for American workers
For years, economists have been predicting higher wages for American workers. This does not happen. Over the past year, Americans have seen their hourly wages increase by just 2.5% as wages have slowed over the past four months. The inability of wages to take off, even with unemployment down to lowest level since 2001 and …