Consumer sentiment comes in at 61.8

Breakdown

• University of Michigan consumer sentiment index rises to 61.8, the highest since February. 9s
• Current conditions index increases to 66.8, above expectations. 23s
• Expectations for the future improve to 58.6, also the best since February. 35s
• One-year inflation expectations fall from 5% to 4.4%; five-to-ten-year outlook drops to 3.6%. 53s
• Positive data leads to buying in bonds and a rise in equity markets, with attention on the US dollar index. 1m 23s