Investors flocked to the safety of U.S. government debt on Thursday, sending yields down across the board, after weak U.S. data reinforced the prospects of a 2023 recession.
What’s happening
What’s driving market
Growing risks of a 2023 economic downturn fueled the buying momentum in bonds as Thursday’s trading session wore on.Data released earlier on Thursday 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…