U.S. Treasury Yields Hold Steady Ahead of Key Inflation Data
U.S. Treasury yields remained largely unchanged on Monday as market participants paused to digest recent employment strength and prepare for upcoming inflation reports. The 10-year Treasury yield held at 4.855%, while the 2-year note sat at 4.52%. This period of stability follows a significant jump in yields last Friday after non-farm payrolls exceeded expectations, showing an increase of 165,000 jobs. Investors are now focused on Tuesday's Consumer Price Index (CPI) release, with forecasts suggesting a rise in the annual rate to 3.9% from September's 3.7%. Additionally, core CPI is expected to climb to 2.8%. In commodities, West Texas Intermediate crude prices fell following comments from Donald Trump regarding the likelihood of further attacks on Iran, reflecting shifting geopolitical sentiment.
Topics: CPI forecasts Employment report Inflation data Oil prices Treasury yields
Part of the story US Dollar Holds Steady Ahead of Key Inflation Data (5 articles)