25 Aug '23 at 8:41 am #64509
Participant
The final August reading for the University of Michigan Consumer Sentiment Survey checked in at 69.5 (consensus 71.2) versus the preliminary reading of 71.2 and the final reading of 71.6 for July.
Yeah-ahead inflation expectations were 3.5% versus the preliminary reading of 3.3%.
Five-year inflation expectations were 3.0% versus the preliminary reading of 2.9%.
The 2-yr note yield is up four basis points to 5.05% and the 10-yr note yield is down one basis point to 4.23%.