Here's your summary from Treasury Yields Sink as Weak Data Fuel Fed Bets | Bloomberg Markets: The Close 6/03/2024 (https://www.youtube.com/watch?v=K9wjbtMTdYM) on the Bloomberg Television channel:

### TLDR:

Treasury yields sink as weak manufacturing data fuels speculation on Fed actions.

### Key Points:

1. U.S. factory activity is shrinking, with output close to stagnating and backlog of orders falling to lows.

2. ECB expected to cut rates, while Fed may not make any changes.

3. Technical errors at NYSE led to flash crashes, with concerns over potential stock manipulation around GameStop.

#finance #tradfi #markets #stocks #stockmarket #bloomberg #macro