🚨 U.S. Economic Data Lifts Yields 🚨
Fresh U.S. economic data is coming in stronger than expected, and markets are reacting fast. The latest ISM Manufacturing PMI surprised to the upside, with the employment sub-index rebounding. This suggests the labor market drag on growth may be easing rather than worsening.
As a result, Treasury yields moved higher across the curve. The 2-year yield climbed to around 3.58%, while the 10-year yield rose toward 4.29%. Higher yields tend to reduce expectations for near-term Federal Reserve rate cuts and can create short-term pressure on gold and risk assets.
If strength in economic data continues, markets may need to reassess the timing and pace of future policy easing.
For informational purposes only. Not investment advice.