Treasury yields held steady as markets await mortgage data and jobless claims ahead of the Federal Reserve's rate decision next week.
01Summary
- 0110-year Treasury yields were unchanged at 5.1211%, the 2-year held at 4.7889%, and the 30-year at 5.4320%.
- 02The Federal Reserve's next interest rate meeting is scheduled for 28 October.
- 03West Texas Intermediate crude futures rose 0.86% to $98.66 per barrel after missile strikes on tankers and Saudi facilities.
- 04The Mortgage Bankers Association will release the latest weekly average 30-year fixed mortgage rate, previously at 7.5%.
- 05The Labor Department's initial jobless claims for the week ending 17 October are due Thursday; prior claims rose to 199,000.
02Why it matters
These data points will help gauge the pace of economic slowdown and inflation, influencing the Fed's next move on interest rates, which directly affect borrowing costs on mortgages, auto loans, and credit cards.
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