Treasury Yields Mostly Higher Ahead of Inflation, Jobs Data

Dow Jones
09/30

1650 ET - Treasury yields are mixed as oil prices decline and New York Fed Williams indicates a rate hike in October isn't a done deal. The Conference Board Consumer Confidence Index unexpectedly falls, with a rising share of respondents forecasting higher interest rates in the short term. August PCE inflation tomorrow is expected to remain hot, according to a WSJ consensus. September's ADP private-sector employment report is forecast to increase to 68,000 from 38,000. The 30-year Treasury yield reaches a new 24-year high, settling at 5.594%. The 10-year rises 0.015 percentage point to 5.256%, highest since May 2002. The Fed-sensitive two-year tenor falls 0.035 point to 4.887%.

 

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