Consumer Sentiment, Near-Record Lows
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US, Gold and Boosting Rate-Cut Bets
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The University of Michigan’s latest survey reported that US consumer sentiment fell to 50.3 on a 100-point index this month – down 6.2% from October, and down 29.9% year-on-year – nearing its lowest-ever levels.
U.S. consumer sentiment slumped to near a 3-1/2-year low in early November as households across the political spectrum worried about the economic fallout from the longest government shutdown in history,
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Treasury yields stabilize as U.S. shutdown deal advances, boosting market sentimentSo far, Treasury yields have remained relatively stable since last week, with the 10-year Treasury note holding a rate of 4.111%, the 2 Year note increasing by three basis points to 3.58%, and the 30-year bond rising by one basis point to 4.71%.
Bitcoin jumped back above $106,000 as Asia opened on Monday, and regional stocks advanced as Washington moved closer to ending the historic US government shutdown.The Senate on Sunday advanced a 60-vote cloture deal to reopen the federal government,
Gold price (XAU/USD) advances during the North American session on Friday, up 0.64% as the US government shutdown extends, while risk aversion keeps US equity markets poised for weekly losses. At the time of writing,