Treasury yields finish lower as weakening economic activity in the U.S., eurozone, and U.K. dims the global outlook.
Long-dated Treasury yields finished at their lowest levels in more than a week on Wednesday, as weakening economic activity from the U.S., eurozone and U.K. dimmed the global outlook.
The eurozone composite purchasing managers index, which combines reports from the services and manufacturing sectors, showed activity fell in August to its lowest in 33 months. A similar survey for the U.K. also surprised by showing activity at a 31-month low. U.S. Treasury yields fell in sympathy and remained lower after S&P Global’s flash U.S. services-sector index fell to a six-month low of 51 in August and the manufacturing-sector index dropped to a two-month low of 47.
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