Inflation and business activity, corporate news ConocoPhillips, Chewy, American Airlines, CRM and others
• The lack of fresh market catalysts on Thursday means talk of higher and longer-term rates will persist, at least until the next economic indicators prove otherwise.
• The two-year U.S. Treasury yield hovered around 5% on Thursday, while the 10-year yield also remained near its highest level in several weeks. US bond yield spreads relative to other jurisdictions may not be widening much in favor of the dollar, but they remain wide enough to ensure the dollar remains investors' currency of choice.
• “Beige Book” from the Fed: Economic activity in the US continues to grow. Prices grew at...