Bond Report: Treasury yields mostly jump after ISM services-sector report

by | Sep 6, 2023 | Stock Market

The policy-sensitive 2-year Treasury yield jumped above 5% Wednesday morning, after data showed the U.S. economy’s services sector continued to expand in August.What’s happeningWhat’s driving markets Data released on Wednesday showed that the U.S. services sector expanded for an eighth straight month in August. An ISM barometer of business conditions at service companies such as restaurants and hotels improved to 54.5% in August from 52.7% in the prior month. Economists polled by The Wall Street Journal had…

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