The 10-year Treasury yield fell below 4.90% after economic data.
Several economic indicators were announced on Thursday (10/26), including Q3 GDP growth of 4.9%, in line with expectations. However, core personal consumption expenditures (PCE) showed growth of 2.4%, falling below expectations and marking its lowest level since 2020 Q4. Additionally, labor market data indicated that initial jobless claims for the previous week were higher than anticipated. After the economic data release, the 10-year Treasury yield declined by 11bps to 4.84%, while the 2-year Treasury yield dropped by 8bps to 5.04%.
Economic data
• US Q3 Real GDP annualized QoQ initial estimate: 4.9% (Expected: 4.5%, Previous: 2.1%)
• US Q3 Core PCE annualized QoQ initial estimate: 2.4% (Expected: 2.5%, Previous: 3.7%)
• US Initial Jobless Claims for the last week: 210,000 (Expected: 207,000, Previous: 200,000)
• US Continuing Jobless Claims for the last week: 1,790,000 (Expected: 1,740,000, Previous: 1,727,000)
• US Durable Goods Orders MoM initial estimate for September: 4.7% (Expected: 1.7%, Previous: -0.1%)
US Treasury market conditions
• The 2-year US Treasury yield decreased 8bps to around 5.04%.
• The 10-year US Treasury yield decreased 11bps to around 4.84%.
經濟數據公布後，10年期美債收益率回落至4.90%以下
週四（10/26）公布多項經濟數據，其中包括第三季GDP增長4.9%，與預期相符；但核心個人消費支出（PCE）則是成長2.4%，低於預期，為自2020年第四季以來的最低水平。此外，勞動市場數據顯示，上周初領失業金人數高於預期。經濟數據公布後，10 年期美債收益率下跌 11 bps至 4.84%，2 年期美債殖利率下跌 7 bps至 5.04%。
經濟數據
• 美國第三季實質GDP 季增年率初值為 4.9%，預期 4.5%，前值 2.1%
• 美國第三季核心 PCE 季增年率初值為 2.4%，預期 2.5%，前值 3.7%
• 美國上周初領失業金人數報 21 萬，預期 20.7 萬，前值 20 萬
• 美國上周續領失業金人數報 179 萬，預期 174 萬，前值 172.7 萬
• 美國 9 耐久財訂單月增率初值報 4.7%，預期 1.7%，前值 – 0.1%
美債市場狀況
• 2年期美債利率較前日下跌8bps至約5.04%
• 10年期美債利率較前日上彈下跌11bps至約4.84%