US Treasury 2-year note sale raises $69 billion at 4.708% high yield
The US Treasury auctioned $69 billion of 2-year notes at a high yield of 4.708%, with demand slightly below average as reflected in the bid-to-cover ratio and…
1 h ago4 min read
UMich Sentiment Drops to 47.8 in September, Below Expectations
University of Michigan consumer sentiment for September came in at 47.8, below the 51.0 forecast.
11/09/2026 14:212 min read
- Previous reading was 51.0
- Current conditions index came in at 50.9, missing the 51.3 forecast
- Expectations index fell to 45.8, well short of the 50.5 estimate
- Year-ahead inflation expectations rose to 4.6%, above the 4.0% projection
- Five-year outlook for inflation reached 3.4%, slightly higher than the 3.3% consensus
These inflation expectation figures could push the Federal Reserve toward raising interest rates at its meeting next week. In my view, a hike is all but certain now, with the market pricing in an 82% probability.
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