The expansion rate of the US ISM non-manufacturing sector reached its fastest pace in nearly two years, while US Treasury prices and gold prices declined

Wallstreetcn
2025.01.07 15:07

The U.S. ISM Non-Manufacturing Index rose to 54.1 in December, reaching a new high since the beginning of 2023, with expectations at 53.5 and a previous value of 52.1.

Traders are no longer fully betting on the Federal Reserve lowering interest rates before July.

The S&P 500 index turned negative, with the Nasdaq down 0.5%.

The yield on U.S. 10-year Treasury bonds rose more than 3 basis points, refreshing the daily high to above 4.67%, with an intraday increase of over 4 basis points; the yield on two-year U.S. Treasury bonds rebounded 3 basis points to 4.31%, with an overall increase of 3.5 basis points.

Spot gold fell by $3, retreating to below $2,650 per ounce, with an overall increase of less than 0.5%

Source: Wallstreetcn The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.