What you need to know today
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U.S. Treasury yields touched ground they've not seen in a long time on Thursday. The yield on the 10-year Treasury breached 4% and settled at 4.062%. The 2-year yield was 4.889%, a rate not seen in more than a decade.
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Stocks in the U.S. rose on Thursday, with all major indexes closing in the green. Asia-Pacific markets followed Wall Street and traded higher Friday. China's Shanghai Composite rose 0.17%, but strategists are split on how much Chinese shares may advance after the country's party congress meeting.
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A survey conducted by American Chamber of Commerce in China revealed its members don't consider China a top three investment priority for the first time in 25 years. To boost sentiment, the Chinese government is wooing potential investors and launching an "Invest in China Year."
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Headline inflation in the EU slowed to 8.5% in February, but that's more than the 8.2% economists had expected. It's likely the European Central Bank will continue raising interest rates aggressively.
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