While you were sleeping: Wall St lifts on US consumer

Tue, 29 Aug 2017

By Margreet Dietz Aug. 30 (BusinessDesk) - Wall Street advanced, recovering from losses earlier in the day prompted by North Korea’s firing of a missile over Japan, as investors opted to focus on the strength of the US economy. Investors initially piled into US Treasuries, sending yields on the 10-year note as low as 2.08 percent. Concern about geopoliticial tensions faded as the day progressed and the outlook for inflation remains the key driver for fixed-income securities. “For the bond market, it’s really about the inflation prosp...

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