Treasury yields stay near multidecade highs
U.S. Treasury yields held near multidecade highs in Asia as traders remained focused on higher borrowing costs and a modest risk-off tone.
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Palo Alto Stock Rises on Cool Inflation, Easing Fed Fears
Palo Alto Networks Inc. (NASDAQ: PANW ) shares are climbing Wednesday along with other software stocks, helped by cooler-than-expected inflation data that may ease concerns about further Fed rate hikes. Palo Alto Networks shares are testing new highs. What’s behind PANW new highs? Cooler Inflation Data Eases Rate Hike