Reply To: Traders Market Weekly: Inflation Obsession in Worsening Liquidity

#45097
Truman
Participant

Dow -370.23 at 29948.12, Nasdaq -239.69 at 10936.57, S&P -60.75 at 3730.25

U.S. Treasuries sit on their lows after widening their opening losses. Treasuries accelerating their retreat after the release of the final reading of September Services PMI and the ISM Non-Manufacturing Index.

The Services PMI reading improved slightly from the preliminary reading while the ISM Non-Manufacturing Index showed a smaller than expected decrease.

Equities are off to a weak start with the Nasdaq (-1.9%) trading behind the S&P 500 (-1.5%) after two days of big gains.

2-yr: +11 bps to 4.19%
3-yr: +12 bps to 4.21%
5-yr: +14 bps to 3.98%
10-yr: +14 bps to 3.76%
30-yr: +10 bps to 3.79%