Bonds & Stocks
The final stretch of a jittery week on Wall Street saw stocks and bonds rising, with a drop in oil prices outweighing concerns about Federal Reserve rate increases. The S&P 500 rose 0.9%. The yield on 10-year Treasuries declined four basis points to 4.92%.
Economy
A key gauge of US consumer prices rose by more than expected last month, bolstering the case for Federal Reserve officials to raise interest rates next week.
World
Bond bears have pushed benchmark Treasury yields toward the closely watched 5% level ahead of US inflation data that stands to determine expectations for a Federal Reserve interest-rate hike next week.