Bond Market Update
Updated: 23-Sep-26 09:51 ET
Yields spike on PMI data
Data Recon
- September S&P Global U.S. Manufacturing PMI - Prelim 57.0 vs. 53.9 prior
- September S&P Global U.S. Services PMI - Prelim 58.7 vs. 56.5 prior
- Yields pop after stronger-than-expected PMI data, which will contribute to expectations for more policy tightening.
- Yield check:
- 2-yr: +8 bps to 4.83%
- 3-yr: +6 bps to 4.88%
- 5-yr: +7 bps to 4.91%
- 10-yr: +6 bps to 5.03%
- 30-yr: +5 bps to 5.35%
