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Week 23 -2023 | From Jun. 5 to Jun. 9, 2023
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  10-Year Treasury Yield 3.80% Negative View   MBA Purchase Applications Negative View   Fixed Mortgage Rates 6.39% Negative View
           
           
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Week 23 -2023 | From Jun. 5 to Jun. 9, 2023

10-Year Treasury Yield

U.S. Treasurys rose slightly Thursday as investors prepared for the Federal Reserve’s next interest rate policy decision, which is expected on June 14. At 7:05 a.m. ET, the 10-year Treasury yield was trading more than 2 basis point higher at 3.809%. The 2-year Treasury yield was up by around 2 basis points at 4.569%. Yields and prices have an inverted relationship. One basis point is equivalent to 0.01%.

PMI Final

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ISM Services

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Factory Orders

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MBA Purchase Applications

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International Trade

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PMI Composite Final

The S&P Global US Composite PMI came in at 54.3 in May 2023, little-changed from a preliminary estimate of 54.5 and above April's final reading of 53.4. The latest PMI signaled the fastest expansion in business activity for just over a year, driven by the service sector. This helped offset a weaker rise in manufacturing production. Total new business continued to increase, despite a sharp drop in overseas goods trade, employment rose at a solid pace and backlogs of work fell. Finally, inflationary pressures eased

 

 

Jobless Claims

Jobless claims jump in latest week to 261,000 — highest level since October 2021

Wholesale Trade

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