Economy in U.S. Expands 2.5%; Jobless Claims Drop

Aug. 29 (Bloomberg) -- U.S. Gross domestic product rose in the second quarter at a 2.5 percent annualized rate, up from an initial estimate of 1.7 percent, Commerce Department figures showed today in Washington. Jobless claims in the week ended Aug. 24 dropped 6,000 to 331,000 from a revised 337,000 the week before, the Labor Department said today. Betty Liu reports on Bloomberg Television's "In the Loop." (Source: Bloomberg)

Japan’s 10-Year Goes Negative
27:41 - The yield on Japan’s benchmark 10-year government bonds fell below zero for the first time, an unprecedented level for a Group-of-Seven economy, as global financial turmoil and the Bank of Japan’s adoption of negative interest rates drive demand for the notes. The 10-year yield has tumbled from 0.22 percent before the BOJ surprised markets with the decision on Jan. 29 to introduce a minus 0.1 percent rate on some of the reserves financial institutions park at the central bank. Berenberg Chief Economist Holger Schmieding discusses with Bloomberg’s Manus Cranny and Anna Edwards on “Countdown.”
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