The U.S. trade deficit unexpectedly narrowed in October to $32.9 billion as exports and imports rose while a measure of crude oil imports dropped to its lowest level in nine years, the Commerce Department said yesterday.

U.S. exports of goods and services increased 2.6% to $136.8 billion while imports increased 0.4% to $169.8 billion for the month.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.