Weekly Highlights
10/25/24: Treasury Yields Rise Amid Positive Economic Data
Despite the sparse number of economic data releases during the week, interest rates remained volatile and biased higher.
October 25, 2024
Despite the sparse number of economic data releases during the week, interest rates remained volatile and biased higher.
Recent economic data continues to suggest positive but below trend growth this year. Labor markets remain solid, and the U.S. consumer has demonstrated resiliency.
The holiday shortened week provided data relating to current consumer behavior. On Thursday, Retail Sales showed an increase of 0.4% month-over-month, while the Retail Sales Control Group surprised with a 0.7% month-over-month increase over the 0.3% consensus estimate.
