US 10-year yield steady ahead of inflation data, Fed comments

The yield on the US 10-year Treasury note remained around 4.43% on Wednesday, following a gain of more than ten basis points in the previous session. Traders awaited the October consumer price index report, which could influence expectations for Federal Reserve interest rate cuts.

US 10-year yield steady ahead of inflation data, Fed comments

Markets are also considering Thursday's producer inflation report and Friday's retail sales data. Investors are closely monitoring Fed commentary this week, with Chair Powell scheduled to speak on Thursday. The dollar and Treasury yields continued to be supported by "Trump trades," as markets bet that strong economic growth and inflationary policies under a second Trump term would limit the Fed’s ability to cut borrowing costs.

Markets now see 60% chance of December rate cut, down from 84%

Currently, markets are pricing a 60% chance of a 25 basis point rate cut in December, down from 84.4% a month ago.