Home » USA: consumer confidence boom, in June at the highest since the beginning of the pandemic. Treasuries rates rise

USA: consumer confidence boom, in June at the highest since the beginning of the pandemic. Treasuries rates rise

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The American Consumer Confidence Index jumped to 127.3 points in June, far above the expected 119.1 points, and to a record high since the start of the Covid-19 pandemic.

The reaction of US Treasuries was immediate, with rates pointing upwards, pricing in the improvement of the economy and therefore, again, the fear of inflation.

Two-year Treasury rates are up 0.258%, 10-year rates advance to 1.490%, 30-year rates to 2.108%.

The figure rose from 117.2 points in May.

In particular, confidence on the current conditions of the economy stood at 157.7 points, well above the previous 148.7 points.

On the other hand, expectations on the future conditions of the economy slowed down from the previous 110.9 points to 107 points.

Expectations for 1-year inflation strengthened from the previous 6.5% to 6.7%.

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