Treasury yields fall on signs of economic weakness

Treasury yields fall on signs of economic weakness

Updated October 26, 2023 at 3:47 p.m. ET

3:39 p.m. ET – Treasury yields plunge amid signs of a global economic slowdown. The ECB has maintained its rates and the Fed is expected to do the same next week. Data on U.S. GDP and durable goods showed a resilient economy, while weekly jobless claims indicated a slowdown in the labor market. Tomorrow, according to a Wall Street Journal poll, September annual core PCE inflation is expected to slow to 3.7% from 3.9% in August, still above the Fed’s 2% target. The 10-year lost 0.109 percentage points today, to 4.843%. The two-year property fell 0.082 points to 5.039%. (paulo.trevisani@wsj.com; @ptrevisani)

Copyright ©2023 Dow Jones & Company, Inc. All rights reserved. 87990cbe856818d5eddac44c7b1cdeb8



With a penchant for words, Eleon Smith began writing at an early age. As editor-in-chief of his high school newspaper, he honed his skills telling impactful stories. Smith went on to study journalism at Columbia University, where he graduated top of his class. After interning at the New York Times, Smith landed a role as a news writer. Over the past decade, he has covered major events like presidential elections and natural disasters. His ability to craft compelling narratives that capture the human experience has earned him acclaim. Though writing is his passion, Eleon also enjoys hiking, cooking and reading historical fiction in his free time. With an eye for detail and knack for storytelling, he continues making his mark at the forefront of journalism.
Back to top button