UMich August US prelim consumer sentiment 70.2 vs 81.2 expected

Consumer sentiment data from the University of Michigan:  There's also this, which shows that survey is increasingly a political barometer: Yikes. That's the lowest since 2011, breaking the pandemic low. That's hard to believe. USD/JPY is under additional pressure on the release, down to 110.04. Treasury yields are falling, down 3.8 bps in 10s to 1.328%.

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