US 10-year Treasury yield tops 5% again as strong September PMIs fuel Fed hike worries

The US 10-year Treasury yield broke back above 5%, with September PMI readings (manufacturing 57.0 vs 53.7 expected; services 58.7 vs 56.0 expected) pointing to economic strength that stoked caution about further Federal Reserve rate hikes.

Detected & updated continuously · Source: Nebula