The University of Michigan consumer sentiment final for May is showing:
- Consumer sentiment 69.1 vs 67.5 estimate and 67.4 preliminary. Last month 77.2.
- Expectations 68.8 versus 66.5 preliminary. Last month 76.0
- Current conditions 69.5 versus 68.8 preliminary. Last month 79.0.
- 1-year inflation expectations 3.3% versus 3.5% preliminary. Still highest level since December, but it is a relief from the 3.5% preliminary. Last month it was at 3.2%.
- 5 year inflation expectations 3.0% versus 3.1% preliminary.
US yields have moved a bit lower off of the lower inflation expectations. The US stocks have ticked higher with the NASDAQ index now up 84 points or 0.50%. The S&P index is up 21.07 points or 0.40%.
- US two year yield 4.943%, +1.1 basis points
- US 10 year yield 4.482%, +0.8 basis points
This article was written by Greg Michalowski at www.forexlive.com.
