BREAKING: New home sales in the USA well below expectations

03:00 pm GMT - US, new home sales for October. Actual: 679k. Expected: 721k. Previous: 759k

New home sales supply 7.8 months in October from 7.2 months in September
Median price $409,300 which is down -17.6% from October 2022

U.S. treasury yields extend decline after new home sales data; 10-year yield last down 4. bps at 4.391%

New home sales is -5.6% on a MoM basis.

Source: Census

Source: XTB

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