US Treasury yields continued their upward trend yesterday, with the 10-year bond closing at 4.8%

International

The yield curve for US Treasury bonds shifted upward yesterday, with the largest gains in the medium and long-term segments. The 10-year Treasury note rose to 4.80% from the previous 4.75%, the 3-year note climbed to 4.46% from 4.40%, while the 1-year note moved from 4.14% to 4.15%.

Meanwhile, the main US stock indexes closed in negative territory. The S&P 500 fell 0.7%, the Nasdaq declined 1.0%, and the Dow Jones Industrial Average lost 0.8%. Year-to-date, the indexes have accumulated gains of 11.5%, 12.3%, and 9.8%, respectively.

On the macroeconomic front, the US manufacturing Purchasing Managers' Indices (PMIs) for August were released yesterday. The S&P Global Manufacturing PMI came in at 53.9 points, above the 53.2 points projected by analysts and in line with the previous month's reading. Meanwhile, the ISM Manufacturing PMI was 54.6 points, below the 55.2 points expected by analysts and the 55.6 points of the previous month. It's worth noting that a reading above 50 indicates expansion of economic activity, while a reading below 50 indicates contraction.

Finally, regarding commodities, oil prices rose sharply yesterday. The price of WTI crude climbed 5.2%, closing at $90.20, while Brent crude advanced 4.6% to $94.70. Gold, meanwhile, fell 2.4% to $4,328.80 an ounce. Among grains, soybeans rose 2.5% to $480.10 a ton.

Source: PUENTE