10-Year Treasury Yield Jumps to 5.242% as Core CPI Tops Forecasts
Updated
Updated · CNBC · Oct 14
10-Year Treasury Yield Jumps to 5.242% as Core CPI Tops Forecasts
3 articles · Updated · CNBC · Oct 14
Summary
U.S. Treasury yields rose after September inflation beat estimates, with the 10-year up more than 2 basis points to 5.242% and the 2-year climbing more than 5 basis points to 4.852%.
September CPI rose 3.7% from a year earlier versus a 3.6% forecast, while core inflation came in at 2.6% against a 2.5% consensus, reinforcing concerns that price pressures remain sticky.
Fed-rate expectations shifted sharply before the Oct. 28 decision: futures priced a roughly 39% chance of a quarter-point hike, up from 22.1% a day earlier.
Markets now see better than a 95% chance of at least one more hike this year, with a 40% chance rates end 2026 a half-point higher; investors next await PPI, retail sales and jobless claims on Thursday.