US Dallas Fed Manufacturing Index (Apr) -2.3 (Prev. -0.2)

The US Dallas Fed Manufacturing Index fell to -2.3 in April from a previous -0.2, indicating a deeper contraction in manufacturing activity. This stronger-than-expected decline could suggest weakening economic conditions, which may prompt a reassessment of Fed policy and rate trajectories. Traders should consider the implications for risk appetite and the potential for a downward movement in yields as market participants adjust expectations accordingly.