US and European equity investors largely shrugged off a slew of negative economic and corporate news on Thursday, although long-dated Treasury bonds steadied for the first time in three sessions as fears about the US jobs market took centre stage.
The yield on the 30-year Treasury was down 3 basis points at 3.64 per cent by mid-afternoon in New York as initial US jobless claims data hit a 26-year high, stoking fears that Fridays’s non-farm payrolls report might be worse than expected.
