Consumer Sentiment

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Markets

The 30-Year Treasury Closed at Its Highest Since the Bond Came Back in 2006. Households Had Already Marked Up Their Inflation Forecast.

The 30-year Treasury yield closed at 5.49 per cent on Friday, its highest since the Treasury resumed issuing the bond in February 2006, and the ten-year ended the week 21 basis points higher than it started. The University of Michigan's final September survey has year-ahead inflation expectations at 4.6 per cent, up from 4.0 per cent in August, and sentiment at 48.1.