2-year Treasury yield ends at one-week high after ISM services-sector report

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Treasury yields jumped to among the highest levels of this year on Wednesday after data showed the U.S. economy’s services sector continued to expand in August.

What happened

What drove 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 expected…

Source
Las Vegas News Magazine

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