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U.S. Treasury Yields Dip as Markets Brace for CPI Report
U.S. Treasury yields moved lower as investors awaited the September Consumer Price Index (CPI) report. Economists expect inflation to hit 3.6% annually, above the Federal Reserve's 2% target, adding pressure on the Fed's plans to cut interest rates. The 10-year Treasury yield was down 0.015%, the 2-year yield was down 0.012%, and the 30-year yield was down 0.013%. Higher-than-expected inflation could pressure stocks, while lower inflation could support risk assets and lower Treasury yields could help boost stocks and ease borrowing costs.