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Economic indicator: A key segment of the U.S. Treasury yield curve briefly turned positive as weaker-than-anticipated labor market data bolstered bets on steep interest rate cuts by the Federal Reserve. Treasuries jumped on Wednesday—led by shorter maturity notes that are more sensitive to the Fed’s monetary policy—after U.S. job openings fell in July to the lowest since the start of 2021. Read more from Bloomberg. A subscription may be required.
Request from Gov. Landry: Louisiana Gov. Jeff Landry is petitioning LSU to revive its tradition of bringing its live tiger mascot to home football games, even though veterinarians are concerned about forcing the animal to resume what was once a pregame tradition. Read more from Louisiana Illuminator.
Drive safely: The National Weather Service has issued a flood watch for south Louisiana, including most of the Capital Region, through 7 p.m. Friday. Excessive runoff may result in flooding of rivers, creeks, streams and other low-lying and flood-prone locations.
