Treasury yields decrease as investors look for critical economic data

Treasury yields decrease as investors look for critical economic data

October 25, 2022: -On Monday, Treasury yields decreased as markets awaited October’s flash creating and services PMI (purchasing managers’ index) data.

The 10-year Treasury yield was previously down by multiple basis points to 4.183%. The benchmark Treasury note reached a 14-year high and traded at 4.337%.

The policy-sensitive 2-year Treasury yield was down by less than a basis point at 4.487%.

Yields and prices go opposite directions, and one basis point equals 0.01%.

On Friday, the Wall Street Journal stated that some Federal Reserve officials were concerned with the speed of interest rate hikes. The yield on the 2-year and 10-year Treasury notes refused following the report after trading at levels in the previous seen in 2007 and 2008, respectively.

The critics say that markets frets over the Federal Reserve hiking prices too fast as they fear this policy could drag the U.S. economy into a recession.

On Monday, investors give close attention to the release of flash manufacturing and services PMI data for October. PMI data reflects whether an economy is growing or contracting and how much.

In September, service sector activity slowed while the manufacturing sector grew.

Traders also look to earnings reports and forecasts to assess whether businesses expect a financial slowdown. Tech heavyweights, including Apple, Alphabet, and Microsoft, will release third-quarter updates this week.

Editor's Choice

Posts You Might Like

Teaching Value & Integrity | Steve Jani

The Fort McMurray First Nation Group of Companies is the wholly owned business entity of Fort McMurray 468 First Nation. It was established in 1987 as Christina River Enterprises, and the organization rebranded as FMFN Group in 2021. Providing Construction, Custodial, Petro-Canada Fuel & Convenience Store, and Transportation services to a broad portfolio of customers, the Group of Companies is creating financial stability and prosperity for the Nation.

A Resilient & Innovative Leader | Maushum Basu

Maushum Basu is a visionary leader who inspires his team with a clear, compelling purpose. Unafraid to take calculated risks, he understands that growth often stems from change and innovation. His deep commitment to both Airia Brands, Inc.

Directing with Courage & Precision | Martin Paquette

When speaking with Martin Paquette, one thing is immediately apparent: he’s honest. His transparency is refreshing. While many shy away from such vulnerability, Paquette sees it as a force to reckon with. The incredible emotional intelligence speaks to years of looking within—it’s also what allows him to acknowledge his mistakes gracefully and use them as opportunities to innovate.

An Innovative Thinker | Marina Charriere

Marina Charriere, CEO of Star Drug Testing Services, Star Drug Testing Services (Windsor Park), and First Defence Face Masks go hand in hand. Star is a drug and alcohol testing facility, and First D F M is a face mask company.

The-corporate-magazine-15

Leave us a message

Subscribe

Fill the form our team will contact you

Advertise with us

Fill the form our team will contact you​