Consumer Confidence Offsets Interest Rate Concerns
U.S. Treasury yields held steady during the week as investors focused on the economy and the global marketplace. The 10-year yield inched up to 3.24% as traders await the results of the next Federal Reserve policy meeting. Investors don’t expect the Fed to raise interest rates this month but are on the alert for indications of future actions. While increasing interest rates are of concern, consumers continue to show confidence in the economy as the third quarter produced the largest burst of spending in nearly four years.