Treasury Yields Turn Lower Over Disappointing Data

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.