Monday 24 October 2016

TREASURY YIELDS TICK UP ON MANUFACTURING DATA -- MARKET TALK

24 October 2016, 17:03

10:03 ET - The bond market is now under a bout of mild selling pressure. Higher US stocks and an upbeat manufacturing release cause small uptick in yields. US Markit flash manufacturing PMI rose to 53.2 in October from 51.5 at the end of September. The 10-year yield briefly topped above 1.8% but has since pulled back. Next week's FOMC and jobs report are key for yields. The yield on the 10-year note was 1.751% vs 1.74% Friday. (min.zeng@wsj.com; @minzengwsj)

(END) Dow Jones Newswires

October 24, 2016 10:03 ET (14:03 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.