Treasury's 30-year bond sale hits 5.618% high yield on $22B
The US Treasury auctioned $22 billion in 30-year bonds at a 5.618% high yield, achieving strong demand and a B grade.
NY Fed survey finds stable inflation expectations but highest fear of rising unemployment since April 2020.
The New York Federal Reserve released its latest monthly survey of consumer expectations.
The report offered little positive news, but the Federal Reserve's primary focus is on inflation expectations, which do not justify a rate hike this month. Financial markets currently imply a 57% likelihood of a rate increase.
Unemployment expectations have deteriorated further.
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The US Treasury auctioned $22 billion in 30-year bonds at a 5.618% high yield, achieving strong demand and a B grade.
The Atlanta Fed's GDPNow model for Q3 GDP growth was trimmed to 3.6% from 3.7% after weaker wholesale inventories data.
US wholesale inventories rose less than expected in August, while wholesale sales surged.
StoneX strategist Vincent Deluard warns of rising Treasury yields, bullish on Bitcoin and gold post-midterms.