Long-Term Treasury Yields Settle at New Multidecade Highs on Fed Concerns
Treasury yields settled at new multidecade highs as markets anticipate the Federal Reserve maintaining elevated interest rates due to persistent long-term inflation concerns. The September ISM services PMI indicated continued economic growth, slowing slightly to 54.9 but remaining above the 50 threshold.
1552 ET - Treasury yields rose as markets expected the Fed to keep rates elevated while long-term inflation remained a concern. 4, though it remained above the 50 mark and pointed to economic growth. The August trade deficit was expected to widen to $102 billion from…