Brind.
  1. S&P Global published PMI data indicating expansion in the manufacturing sector.
  2. The Federal Reserve relies on S&P Global for manufacturing sector data.

S&P Global Reports Strong US Business Activity, Driving Bond Yields Higher

3 reports, 1 independent Updated Thu 00:00
No new developments lately Reached 2 outlets in its first 24 hours
Reports
3
Developments
1
Repetition
67%

New informationRepeats or wire copies

AI-generated briefing. Brind wrote this from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.

What happened

Some supportReported by 1 outlet

S&P Global reported that US business activity accelerated at the fastest rate since July 2021. This news caused US bond yields to surge, with the 10-year Treasury yield reaching 5.12% and the 30-year yield hitting 5.41%. Additionally, input costs increased due to a rise in energy prices.

From westfaironline.com

Why it matters

Some supportBrind's analysis of the reports

The strong business activity and rising input costs fueled concerns about inflation. This increased expectations that the Federal Reserve might continue raising interest rates to control inflation, with the odds of a hike in October rising to 71%.

The Federal Reserve relies on S&P Global for manufacturing sector data.

From westfaironline.com

Who's involved

  • S&P GlobalPublished the report showing accelerated US business activity
  • FEDIs influenced by economic activity and inflation concerns
  • BrentIts price movements are contributing to rising input costs

Who could feel it

Possible knock-on effects

These are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.

  • inflationSpeculative

    Rising energy prices might increase input costs across various industries, fueling inflation concerns

  • FEDSpeculative

    Higher bond yields could push up the cost of mortgages, auto loans, and business loans

Keep exploring

Part of

The Federal Reserve relies on S&P Global for manufacturing sector data. All 2 developments

Within S&P Global published PMI data indicating expansion in the manufacturing sector.

The entities involved

Related events

Coverage

Newest first; wire copies grouped
2 more outlets ran the same wire story