Reply To: Traders Market Weekly: Central Banks, Debt, Jobs and Apple

#67011
Truman
Participant

The final reading for the University of Michigan Consumer Sentiment Index for October

63.8 (consensus 63.1), up from the preliminary reading of 63.0, but down from September’s final reading of 67.9. In the same period a year ago, the index stood at 59.9.

The key takeaway from the report is that the decline relative to the final September reading was owed to weakening sentiment among higher-income consumers and those with sizable stock holdings. Furthermore, expected business conditions weakened among all consumers and year-ahead inflation expectations jumped back to a level last seen in May.

Treasury yields are little changed.

The 2-yr note yield is down one basis point to 5.05% and the 10-yr note yield is up two basis points to 4.87%.