Treasury Yields Mostly Higher Ahead of Inflation, Jobs Data
Dow Jones
Sep 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%.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.