• One year inflation expectations 2.9% versus 3.0% last month. That is the lowest in four years
  • Three-year inflation expectations 2.5% versus 2.7% last month
  • Five-year inflation expectations 2.8% versus 2.9% last month

other details :

  • Consumers in October saw lower likelihood of missing a minimum debt payment for the first time in five months
  • Consumers in October saw lowest likelihood of a rising US unemployment rate over the next year since February 2022
  • Consumers saw lower chance of losing current job and improved prospects for finding a new job if current job were lost
  • Unemployment expectations decline to 34.5%, lowest since February 2022
  • Probability of finding a job increase the highest level since October 2023

This is good news is inflation expectations help to keep a lid on actual inflation. Nevertheless yields remain near highs for the day.

  • 2 year 4.321%, +6.7 basis points
  • 5-year 4.281%, +8.9 basis points
  • 10 year 4.390%, 8.2 basis points

US stocks are lower:

  • Dow -0.38%
  • S&P -0.33%
  • NASDAQ -0.14%