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

A Leader in Unrivalled Security | Joseph McGee

Following a distinguished Law Enforcement career Joe McGee founded The Securitatem Group to provide contemporary global operational specialist security and specialist security training products and services for private clients, corporate organisations, and Government bodies. They deliver a wide range of services, including complete end-to-end protection packages, close protection, residential security, protection drivers, and online and physical installations. They provide covert and overt investigations and specialist surveillance services with a Broad range of weapons and tactical-based training, including conflict management, risk and threat management, tactical training, tactical medicine, and command and control training.

Styling the Perfect Wine | Jay Wright

Jay Wright, CEO and Co-Owner of Virgin Wines infectious energy, enthusiasm, passion and drive has been instrumental in creating an environment that encourages talent to thrive and a culture that puts the customer at the very heart of every decision-making process.

Leading Farmacosmo with Vision and Innovation | Fabio de Concilio

Fabio de Concilio is the visionary CEO & Chairman of the Board at Farmacosmo, a leading organization dedicated to mental health and community support services. With a deep commitment to identifying and meeting customer needs, Fabio ensures that high standards are maintained across the board.

Creating A Cleaner & Healthier Environment | David CM Carter

Character Determines Destiny – so said Aristotle. And David CM Carter believes that more than anything else. For David, it has been numerous years of research into codifying Entelechy Academy’s 54 character qualities that underpin everything he stands for as a leader and teacher.

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​