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Bond Report: Treasury yields turn lower after weak ISM data points to factory slowdown

Treasury yields slipped on Thursday after a key manufacturing gauge signaled slower global growth and that the Trump administration’s tariffs were beginning to a toll on U.S. factories.

The 10-year Treasury note yield TMUBMUSD10Y, -0.12% retreated 2.3 basis points to 3.136%. The 2-year note yield TMUBMUSD02Y, -1.27% fell 2.4 basis points to 2.851%, while the 30-year bond yield TMUBMUSD30Y, -0.40% slipped 2.3 basis points to 3.379%. Bond prices move in the opposite direction of yields.

The Institute for Supply Management’s October reading for its manufacturing index fell to 57.7%, its lowest in six months.

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