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Investors flocked to the safety of U.S. government debt on Thursday, sending 10- and 30-year yields to one-week lows, after weak U.S. data reinforced the prospects of a 2023 recession.
What happened
What drove the market
The growing risk of a 2023 economic downturn was behind much of the momentum in bond-buying on Thursday.Data released earlier in the day showed that retail sales fell 0.6% in November for the biggest decline in almost a year, while two regional gauges of manufacturing activity pointed to weakness…
