S&P global PMI services comes in at 54.2 vs. 53.9 estimated

Economic Indicators - The final reading for the services PMI in September improved to 54.2%, up from a mid-month reading of 53.9% [1][3] - Although the current reading is the best since August, it is sequentially lower than the previous month's figure of 54.5% [2][3] - The services sector remains in expansion territory, with the last reading below 50 occurring in January 2023 [2][3] Market Reactions - Equity markets reacted positively to the services PMI number, indicating investor confidence despite the slight decline from the previous month [3] - Treasury yields showed minimal movement, with the 10-year yield at 4.09%, down nine basis points for the week but up one basis point for the day [4]