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)
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