In the USA financial and bond markets, the decline in yields prompted buying of US bonds due to the sluggish German indicators.

November 28, 2024, 6:21 AM GMT+9 (excerpted)

In the US financial and bond markets, yields decreased. Buying interest in US bonds increased following a significant deterioration in the German Consumer Confidence Index announced in the morning. On the other hand, concerns about inflation temporarily receded as the economic indicators released on this day broadly matched expectations.
On this day, economic indicators were released one after another. The Personal Consumption Expenditures (PCE) Price Index for October announced by the US Department of Commerce rose by 2.3% compared to the previous year, accelerating from the 2.1% increase in the previous month. Learn more
The revised value of the third quarter Gross Domestic Product (GDP) on an annualized basis showed a 2.8% increase from the previous period, unchanged from the preliminary value. The number of initial jobless claims (seasonally adjusted) for the week ending November 23rd dropped by 2,000 from the previous week to 213,000.