Investors on edge as debt ceiling talks and inflation data loom.
TL;DR Summary
U.S. Treasury yields fell as investors awaited economic data that could affect Federal Reserve interest rate policy and as debt ceiling deal talks continued. Investors awaited Friday's release of the personal consumption expenditures price index for April, which is the Fed's preferred inflation gauge. Talks seemed to progress closer to a deal on Thursday, but "sensitive issues" were still being discussed, Republican negotiator Rep. Patrick McHenry said Thursday.
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