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U.S. Treasury yields fall on inflation outlook
U.S. Treasury yields declined as investors awaited September's Consumer Price Index (CPI) inflation data, scheduled for today. The 10-year bond yields fell to 5.195%, while 30-year bonds decreased to 5.549%. The two-year yields also dropped to 4.772%. Estimates expect official inflation to rise 0.6% month-over-month and 3.6% year-over-year, with core inflation increasing to 2.5% annually. These figures could influence the Federal Reserve's decision on whether to raise interest rates next week.
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