US yields move higher, stocks lower, and dollar higher after better US data

Yields are moving to new session highs and stocks are moving to new session lows after the better-than-expected data. Consumer confidence was stronger than expectations as was the JOLTs job report. The BLS will release their monthly employment statistics on Friday with expectations of job gains at 295K after the oversized gain of 528K last month.

• 2 year yield Yield A yield represents the earnings generated by an investment or security over a certain time period. Yields are typically displayed in percentage terms and are in the form of interest or dividends received from it.These figures do not include the price variations, which separates it from the total return. Consequently, a yield applies to various stated rates of return on stocks, fixed income instruments such as bonds, and other types of investment products.Yields can be calculated as a ratio or as A yield represents the earnings generated by an investment or security over a certain time period. Yields are typically displayed in percentage terms and are in the form of interest or dividends received from it.These figures do not include the price variations, which separates it from the total return. Consequently, a yield applies to various stated rates of return on stocks, fixed income instruments such as bonds, and other types of investment products.Yields can be calculated as a ratio or as Read this Term, 3.478%, +4.9 basis points
• 5 year yield 3.279%, +2.3 basis points
• 10 year yield 3.121%, +1.3 basis points
• 30 year yield 3.251%, +0.8 basis points

A snapshot of the US stock market shows declines across the board and trading at new session lows:

• Dow industrial average -145 points or -0.45% at 31955
• S&P index -22 points at -0.56% at 4007
• NASDAQ NASDAQ The Nasdaq Stock Market or NASDAQ is an American stock exchange. It trails only the New York Stock Exchange (NYSE) in market capitalization and is part of a network of stock markets and options exchanges.Launched back in 1971, NASDAQ is the acronym for the National Association of Securities Dealers Automated Quotations. Since then it is known simply as NASDAQ and has become one of the most influential exchanges worldwide.The NASDAQ was the world’s first electronic stock market, and has since ass The Nasdaq Stock Market or NASDAQ is an American stock exchange. It trails only the New York Stock Exchange (NYSE) in market capitalization and is part of a network of stock markets and options exchanges.Launched back in 1971, NASDAQ is the acronym for the National Association of Securities Dealers Automated Quotations. Since then it is known simply as NASDAQ and has become one of the most influential exchanges worldwide.The NASDAQ was the world’s first electronic stock market, and has since ass Read this Term index -61.58 points at -0.51% at 11955.54
• Russell 2000-11.17 points or -0.59% at 1871.76

Looking around the forex market the USD is moving back to the upside and declines from earlier today are being erased. The AUDUSD and NZDUSD have nearly completed an up and down lap. The EURUSD is back testing the 200 hour MA. The GBPUSD is testing the low from yesterday and also the lowest level since the start of the pandemic.