Updated on October 25, 2016 10:37:53 AM EDT
Today’s only economic data was Octobers Consumer Confidence Index (CCI) at 10:00 AM ET. The Conference Board announced a reading of 98.6 that fell short of the 100.8 that was forecasted. It was also a sizable decline from September’s revised reading of 103.5, indicating that surveyed consumers were much less optimistic about their own financial situations this month than they were last month. Because waning confidence usually translates into weaker levels of consumer spending, this is good news for bonds and mortgage rates.