Regional Fed surveys cast doubt on strong business activity data – Pantheon Macro (US10Y:)

Sep 23, 2026, 4:55 PM ETUnited States 10-Year Bond Yield (US10Y)IEF, SHY, TLT, IEI, TLH, BIL, SCHO, SGOVBy: Max Gottlich, SA News Editor

Klaus Vedfelt

Investors who dumped bonds on Wednesday over growing inflation fears may have been spooked by an S&P PMI survey that paints a misleadingly hot picture of the U.S. economy, according to Pantheon Macroeconomics.

The previously reported S&P survey showed business