GLOBAL MARKETS-Wall Street closes up after choppy trading due to higher jobless claims

global markets wall street closes up after choppy trading due to higher jobless claims

Sumary of GLOBAL MARKETS-Wall Street closes up after choppy trading due to higher jobless claims:

  • read more Yields on U.S. Treasuries eased after the auction of $16 billion in 10-year TIPS was bid at a record low.
  • The yield on 10-year Treasury notes US10YT=RR fell 2.2 basis points to 1.260%.
  • Earlier this week, a revived appetite for riskier assets came as worries eased that the Delta variant of COVID-19 would seriously crimp economic recovery, helping to lift crude oil prices.
  • OIL FIRMSOil prices rose about $1.50 a barrel on Thursday, extending strong gains made in the previous sessions on expectations of tighter supplies until the end of the year as economies recover from the pandemic.

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