Treasury yields rise; ISM services price index hits 4-year high
- 1The 10-year Treasury yield recorded 5.31% yesterday.
- 2The ISM services price index rose for the sixth time in seven months, reaching a 4-year high.
- 3A 78% probability of the Fed holding interest rates steady was reflected in Fed funds futures this morning.
So what's the key point?
Treasury yields rose to 5.31% as service sector prices reached their highest level in 4 years. Markets are currently pricing in a 78% chance that the Fed will keep interest rates unchanged.
Source The Capital Spectator · View original ↗
Today's 5 AI picks, all freeNothing hidden: past picks and how they did against the S&P 500.