1336 ET - The 10-year Treasury yield slips below 4% as U.S. consumer confidence disappoints. The Conference Board index in November falls to 88.7 from 95.5, while economists surveyed by WSJ expected 93.2. Economists at Citi highlight the share of consumers reporting jobs as hard to find "fell modestly to 17.9% from 18.3%," a decline they see as "more modest than what the residual seasonality would imply." Future markets are mostly pricing an interest rate cut in December. The 10-year yield is at 3.994%, and the two-year at 3.459%, both on path for their lowest close since October. (paulo.trevisani@wsj.com; @ptrevisani)
(END) Dow Jones Newswires
November 25, 2025 13:36 ET (18:36 GMT)
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