US growth accelerated in September, but so did price pressures. Composite PMI: 58.4 vs 56.0 prior Services: 58.7 vs ~56 expected Manufacturing: 57.0 vs ~53.6 expected The US 10Y jumped from around 5.03% at the release to above 5.10% shortly after. Stronger growth + firmer input costs are keeping upward pressure on rates.