December consumer confidence disappoints at 89.1, below the 91.0 estimate

Group 1 - December consumer confidence from the Conference Board is expected to be around 91 but comes in at 89.1, indicating a disappointment [1] - Last month's consumer confidence was revised from 88.7 to 92.9, making the current figure of 89.1 the largest since this revision [2] - The present situation index is reported at 116.8, marking the weakest level since February 2021 [3] Group 2 - Richmond Fed Manufacturing index is at minus 7, the weakest since the previous month of October, while the service side is at minus 11, also the weakest since October [4] - The yield on the 10-year Treasury reached 4.20%, with any yield above 4.19 representing a 3.5-month high [4] - The yield curve has flattened by about 1.5 basis points, with the 2-year yield last reported at 3.55 [5]