The benchmark 10-year Treasury note yield broke above 4.4% last week before closing Friday at 4.306%. The 2-year note yield edged above 4.3% before closing at 4.25%.This week, investors are awaiting the latest inflation reading due on Wednesday as well as the consumer and producer prices data for October set to be published later this week. The consumer data will provide insights about the health of the U.S. economy.is expected to rise 0.2% on a monthly basis and to have risen 2.
A number of Federal Reserve officials are due to speak this week including Richmond Federal Reserve President Thomas Barkin on Tuesday. Fed Chair Jerome Powell will also give a speech on Thursday, which investors will monitor closely for hints about future monetary policy. They will also look out for monthly retail sales and industrial production data amongst other reports, which will be published on Friday.
Traders are pricing in a 63% chance of another quarter-point cut by Fed officials in its next December meeting, according to the latest insights from the Feeling out of the loop? We'll catch you up on the Chicago news you need to know. Sign up for the weekly