Glad Tidings

The good news is that U.S. Treasury yields continued to fall this week with the 10-year yield currently sitting at 3.03%. While this might signal a risk-off attitude among investors, according to a recent government report, the U.S. economy expanded at a solid 3.5 % annual rate in the July-September quarter. Third-quarter growth appears to have been led by lower, but still strong consumer spending and more business investment than previously estimated. Investors were also influenced by the Fed’s chairman, who suggested this week that the Fed might consider a pause in interest rate hikes next year to assess the impact of recent credit tightening.