April 28, 2016
Treasuries fluctuated, erasing earlier gains, after data showed a measure of inflation climbed in the first quarter by the most since 2012 even as the U.S. economy expanded at the slowest pace in two years.
The U.S. economy expanded in the first quarter at the slowest pace in two years as American consumers reined in spending and companies tightened their belts in response to weak global financial conditions and a plunge in oil prices.
Asian stocks fell, led by a slump in Tokyo shares, after the Bank of Japan refrained from adding to its monetary policy stance when most economists were expecting further stimulus.
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