U.S. Treasury yields fell slightly on Wednesday as markets awaited September’s CPI report, which could influence the Federal Reserve’s next interest rate decision.
01Summary
- 01The 10-year Treasury yield fell 2 basis points to 5.195%, the 30-year yield fell 1 basis point to 5.549% and the 2-year yield also fell 2 basis points to 4.772%.
- 02The September consumer price index report, due later on Wednesday, is expected to show headline inflation rising 0.6% monthly and 3.6% annually, with core inflation seen up 0.2% monthly and 2.5% annually.
- 03Deutsche Bank analysts noted the CPI reading comes two weeks before the Fed's next interest rate decision and that any surprises will shape the narrative ahead of that meeting.
- 04Further data due on Thursday includes September producer price index, retail sales and initial jobless claims.
02Why it matters
The CPI report will provide a key measure of whether inflation is slowing enough for the Fed to pause or adjust its rate policy, directly affecting borrowing costs for households and businesses.
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