US S&P Global Manufacturing PMI stands at 51.9 in January, comes in close to expectation

• U.S. Manufacturing PMI for January was 51.9, slightly below the 52.1 estimate but the highest read since November of last year.
• U.S. Services PMI for January was 52.5, slightly below the 53.0 estimate, but sequentially higher than December's final 52.7, marking the best level since November 2025 (likely a speaker's typo for 2023 or 2024).
• U.S. 10-Year Treasury yield was 4.243% (down 1 basis point on the day, up 2 on the week), and the U.S. 2-Year Treasury yield was 3.605% (down 1 basis point on the day, up 2 on the week), indicating a relatively tame bond market.

The video discusses the S&P Global Flash U.S. Manufacturing and Services PMIs for January. Manufacturing came in at 51.9, close to expectations and the highest since November. Services registered 52.5, slightly below estimates but sequentially higher. Treasury yields remained relatively stable despite recent market volatility.