September business inventories: +0.2% vs. +0.1% estimate

Breakdown

• Business inventories rose 0.2% in September, above the 0.1% estimate 8s
• This is the third 0.2% increase this year, matching June and February 15s
• January saw the highest increase of the year at 0.4% 24s
• Long-term yields held steady around 4.16% to 4.17% 27s
• Buying in short-term securities pushed yields down, steepening the curve 35s