FX.co ★ US 10-Year Yield Holds Advance Ahead of CPI

As of Friday, the US 10-year Treasury yield maintained its position around 4%, following an increase of approximately 5 basis points during the previous session. Investors are on edge, anticipating a significant inflation report that could influence the economic and interest rate forecast. Despite the delay caused by the ongoing government shutdown, the report is expected to reflect continued price pressures. Analysts believe this will not deter the Federal Reserve from reducing rates next week. However, if the report presents stronger-than-expected outcomes, it may influence the Fed's decision regarding further easing in December. Market participants are also closely monitoring trade developments, especially after the White House confirmed a meeting between President Trump and President Xi in South Korea next week. Preparatory discussions between US and Chinese officials are slated to take place in Malaysia over the weekend.