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Despite weaker-than-anticipated US economic data across both soft and hard metrics, US yields are rising yet again. The plunge in consumer confidence brought key measures well below consensus forecasts, with the overall index dropping to 81.9 (vs. 89.0 expected), current conditions to 109.3 (vs. 121.2), and expectations to 63.6 (vs. 68.5). Meanwhile, job vacancies came in lower than anticipated at 7.228 million (vs. 7.27 million expected). Despite such data, yields are up across the board, with the 30-year US Treasury bond hitting its highest level since 2002. #economy #markets