Market awaits inflation report as yields decline

  • Treasury yields edge lower ahead of CPI data
  • Yield on 2-year Treasury slips by 1.7 basis points
  • Yield on 10-year Treasury retreats 1.9 basis points
  • Yield on 30-year Treasury falls 3.1 basis points
  • Consumer price index forecasted to rise 3.3% in October
  • Core measures expected to remain unchanged
  • Market hopes Fed is finished tightening policy
  • Fed officials to make comments on economic outlook
  • Markets pricing in no rate change at next Fed meeting

Bond yields edged lower as traders awaited the U.S. CPI inflation report for October. The yield on the 2-year Treasury slipped by 1.7 basis points, while the yield on the 10-year Treasury retreated 1.9 basis points. The yield on the 30-year Treasury fell 3.1 basis points. The consumer price index is forecasted to rise 3.3% in October, with core measures expected to remain unchanged. The market hopes that the Federal Reserve is finished tightening policy. Fed officials will make comments on the economic outlook. Markets are pricing in no rate change at the next Fed meeting.

Public Companies: Treasury (BX:TMUBMUSD02Y)
Private Companies:
Key People: Thomas Barkin (Richmond Fed President), Michael Barr (Fed Vice Chair for Supervision), Austan Goolsbee (Chicago Fed President)

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Factuality Level: 7
Justification: The article provides information about bond yields and the upcoming U.S. CPI inflation report. It includes data on the yield of different Treasury bonds and discusses the forecast for CPI inflation. The article also mentions comments from Fed officials and market expectations for interest rates. The information provided seems to be based on factual data and analysis, without significant bias or misleading information. However, it is important to note that the article does not provide a comprehensive analysis of the topic and may lack some context.

Noise Level: 7
Justification: The article provides information on bond yields and the upcoming U.S. CPI inflation report. It mentions the current yields on different Treasury bonds and discusses the factors driving the market. It also includes comments from Fed officials and market expectations for interest rates. However, the article lacks in-depth analysis and does not provide actionable insights or solutions. It mainly focuses on reporting current market trends and forecasts from analysts.

Financial Relevance: Yes
Financial Markets Impacted: Bond yields

Presence of Extreme Event: No
Nature of Extreme Event: No
Impact Rating of the Extreme Event: No
Justification: The article discusses the impact of the U.S. CPI inflation report on bond yields. It does not mention any extreme events or their impact.

Reported publicly: www.marketwatch.com