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The 10-year Treasury yield climbed above 3% yesterday, testing what has been a psychological level for the yield this year. The 10-year yield has trended higher after it jumped 7 bps -- the most on a jobs report day since January 2017 - on September 7, when the August jobs report showed average hourly earnings grew at their fastest pace of the cycle. Calming global conditions have also helped lift longer-term Treasury yields. (LPL)

 

Eighty-two percent of American meals are prepared at home -- more than were cooked 10 years ago, according to researcher NPD Group Inc. The latest peak in restaurant-going was in 2000, when the average American dined out 216 times a year. That figure fell to 185 for the year ended in February, NPD said. (Bloomberg)

 

US capital expenditures are on the rise, with the $341 billion spent this year, putting it on pace to set a 25-year high. Companies are using the windfall from last year's tax cuts to spend freely, and first-half earnings rose some 25 percent for the S&P 500. (CNBC)

 

Share buybacks total more in 2018 than capital expenditures, the first time at least a decade, according to Goldman Sachs.

 

With Northwest Quadrant Wealth Management, a Registered Investment Advisor I am Troy Reinhart.                                      
 

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