Reply To: Traders Market Weekly: War Drums, Bond Routes, Magnificent Seven Earnings

19 Oct '23 at 8:23 am #66725
Truman
Participant

The Philadelphia Fed Index rose to -9.0 in October (consensus -6.5) from -13.5.

Treasury yields turned lower in response.

The 10-yr note yield, at 4.98% just before the release, sits at 4.95% now.
The 2-yr note yield was at 5.25% before the data, but sits at 5.23% now.