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Morning Note | Oct 20, 2022
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Morning Note | Oct 20, 2022

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Yield Hunting
Oct 20, 2022
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Yield Hunting
Yield Hunting
Morning Note | Oct 20, 2022
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Good Morning! 

Markets are unchanged as yields are up and earnings were mixed overall yesterday.  Manufacturing in the Philadelphia region contracted more than expected in October.  The PMI reading came in at -8.7, below the estimate of -5.  The 10-yr yield hit a new cycle high yesterday of 4.14%. 

Yields remain in the driver seat for risk-assets and the…

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