The U.S. Conference Board’s index slipped from 133.3 to 125.1 on Wednesday September 25th, indicating that a American economic growth might be cracking under the weight of the ongoing trade war and subsequent poor consumer confidence, CNBC reports.
Yields briefly rose after President Donald Trump released a memo of a phone call with Ukrainian President Volodymyr Zelensky, in which Trump encouraged his counterpart to “look into” former Vice President Joe Biden and his son, Hunter, who has been accused of corrupt activity.
Some market participants viewed the memo as less damaging than initially feared, however the scandal has led to the start of impeachment proceedings against Donald Trump.
U.S. government debt prices prices rose on Thursday morning, pushing yields lower, after a go-to consumer confidence index for September dropped to a three-month low.
An auction is scheduled Thursday for $45 billion in 4-week bills and $40 billion in 8-week bills.