US September flash services PMI came in at 58.7 versus 56.0 expected, driving a sharp bond selloff with the 10-year Treasury yield up 14.5 bps to 5.11%, while gold fell $71 to $4283, WTI rose $1.61 to $89.59, and the S&P 500 fell 0.8%; the 5-year Treasury auction produced a high yield of 5.033%, and Fed's Barr said further rate hikes are likely needed.
InvestingLive09/24, 02:47 AM
- 58.7
- 56.0
- $70 billion
- 5.033%
Figures as quoted by InvestingLive
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