investingLive Americas market news wrap: US 30-year yields hit the highest since 2002

JOLTS job openings 7.079M vs 7.225M estimate Sept US consumer confidence 81.9 vs 89.2 expected US July CaseShiller 20-city house price index +2.5% vs 2.2% expected Canada July GDP 0.0% vs 0.0% expected Deutsche Bank sees a copper crunch coming — and says $10/lb may be needed to fix it US offers up to 40 million barrels from the SPR Fed’s Barr expects GDP growth to pick up in the second half of the year BoE’s Taylor questions whether a single “insurance hike” would be seen as the start of a series Fed's Musalem touts having a framework as the backbone of communication strategy Goolsbee: 5-1/2 years above target is "playing with fire" Fed's Williams: One more hike likely this year is likely enough Markets: US 30-year yields up 3 bps to 5.59% Gold up $56 to $4169 WTI crude oil down $3.41 to $89.19 JPY leads, NZD lags S&P 500 down 0.1% A few headlines turned a quiet start into a livelier day, starting with some data that pushed back strongly on the 'accelerating economy' theme that drove markets last week. Both the JOLTS and consumer confidence data was poor, with the latter falling to the lowest since 2014 in a sharp decline. Iran headlines were more muted but there were better signs that negotiations are continuing with mediators still involved. Bigger news in the oil market was the US tapping the SPR for another 40 million barrels, sending oil to the lows of the day. Before that oil move, Treasury yields were rising again with 30s hitting a generational high in a particularly problematic move. Later, the front end was weighed down by comments from Williams who said he thinks the Fed only needs to hike once more this year, followed almost immediatley by him saying he's data dependent. In any case, the odds for the October meeting have fallen to 50/50 from 64% of a hike. Despite that, the US dollar held up. Tomorrow we get US PCE and GDP data in what will be another test of the economic narrative. This article was written by Adam Button at investinglive.com.