Most Treasury yields turned lower Friday morning, after the front-page readings from the University of Michigan’s consumer-sentiment report in at the lowest in a decade, had been released.
According to the data released Friday, the University of Michigan’s Index fell to 66.8 in November from 71.7 in previous month, creating a headline figure that is the lowest since 2011.
Meanwhile, job openings were little changed at 10.4 million in September. The disappointing sentiment reading comes amid evidence of a persistent impact of inflation on the U. S. markets.
Tags inflation Treasury Yields University of Michigan US Economy
Check Also
Fed Under Pressure to Cut Rates in September as Job Market Cools
June’s jobs report sent a mixed message, with job gains have remained better than expected …