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Used automotive costs fall as gross sales gradual on excessive rates of interest

An indication reads “We Purchase Used Vehicles!!” at a dealership on February 15, 2023 in Glendale, California. Mario Tama | Getty Photos DETROIT — Wholesale used automotive costs hit their lowest degree for the yr in Might as gross sales fell attributable to excessive rates of interest and inflated retail costs. Cox Automotive on Wednesday … [Read more…]

Treasury yields fall as traders weigh expectations for the financial system and financial coverage

US Treasury yields fell barely on Wednesday as traders contemplated the outlook for the financial system and central financial institution rates of interest, trying to financial information for steering. At 5:38 am ET, the 10-year Treasury bond yield was buying and selling a bit over 2 foundation factors decrease at 3.677%. The yield on two-year … [Read more…]