U.S. 10-Year Treasury Yield Slips to 5.114% as Traders See 82% Odds of Fed Hold
Updated
Updated · CNBC · Oct 20
U.S. 10-Year Treasury Yield Slips to 5.114% as Traders See 82% Odds of Fed Hold
3 articles · Updated · CNBC · Oct 20
Summary
The benchmark 10-year Treasury yield fell 2 basis points to 5.114% on Tuesday, while the 30-year yield also dropped 2 basis points to 5.45%; the 2-year was little changed at 4.757%.
That move came as investors waited for fresh U.S. data and reassessed inflation risks ahead of the Federal Reserve's rate decision next week.
Tuesday's focus is on September housing starts and pending home sales, with ADP employment figures also due; weekly jobless claims follow on Thursday and S&P Global's flash PMI on Friday.
Markets are also looking to the upcoming personal consumption expenditures index, the Fed's preferred inflation gauge, with CME FedWatch showing an 82% chance rates stay unchanged next week.