Morning Market Update: September 24, 2018

Treasury Yields Remain Stable as Equities End Mixed

Commentary for Friday: Treasurys were little changed on the day while equities ended mixed in volatile trading. Yields were choppy in overnight trading but fell to the session's low in the early morning despite a higher-than-expected preliminary U.S. manufacturing PMI reading. Yields reversed the decline in afternoon trading prior to stabilizing at close with the 10-year Treasury yield above 3% for the fourth consecutive trading session. 

This Morning: Treasury yields are shifting higher despite economic data released that reported a weaker-than-expected Chicago Fed National Activity Index. 

Based on recently released data from the Bureau of Labor Statistics, unemployment rates fell in 13 states, edged higher in three, and were little changed in the remaining 34 month-over-month as of August. On a year-over-year basis, jobless rates decreased in 11 states and 39 states were mostly unchanged. Other details of the report show non-farm payrolls advanced in four states and held steady in the remaining 46 states.

Financial Markets Research


The morning market update is provided by: 

solutionsheadshots_hotchkiss_smJames Hotchkiss
Director, Member Strategy and Solutions

SolutionsHeadshots_Deven_smMelissa Deven
Director, Member Strategy and Solutions


The data and valuations provided in this document are for information purposes only and are provided as an accommodation and without charge. The Federal Home Loan Bank of Chicago makes no representations or warranties about the accuracy or suitability of any information in this document. This document is not intended to constitute legal, investment, or financial advice or the rendering of legal, consulting, or other professional services of any kind.

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