Treasury Yields Dip as Investors Anticipate Postponed Inflation Figures
Treasury Yields Movement: U.S. Treasury yields decreased slightly as investors awaited a key inflation report and the upcoming Federal Reserve meeting, with the 10-year yield at 4.104% and the 30-year yield at 4.763%.
Key Inflation Data: The delayed personal consumption expenditures index for September, the Fed's preferred inflation gauge, is set to be released, providing insights into the U.S. economy post-government shutdown.
Labor Market Insights: Investors are looking for signs of a softening labor market, with reports indicating over 1 million job cuts this year and a decline in private payrolls, while weekly jobless claims fell to their lowest since September 2022.
Interest Rate Expectations: Traders are anticipating an 87% chance of a quarter-point interest rate cut at the Federal Open Market Committee meeting scheduled for December 9-10.
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