September Consumer Confidence Survey data registered a 53.1 read vs. the consensus estimate of 57.0 and the previous 54.5 (revised from 54.1). Following the release, rates rallied from intraday price lows/yield highs. The FN 4.5 bounced off the intraday low print of 101-01, but failed a test of yesterday's...
Recap of Yesterday Thinly traded markets...Yom Kippur holiday, no econ data, and quarter end kept flows quiet. Stocks, bonds, dollar, oil all higher in price, no resistance in marketplace...not giving much credence to price trends as trading is not indicative of new bias (yet) S&P recovers what was...