U.S. Treasury yields rise, government shutdown ends but data missing
According to Jin Ten, as the U.S. government reopens, U.S. Treasury yields have risen, although there are still questions about the release of important data. The White House has warned that the Consumer Price Index (CPI) for October, originally scheduled for release today, may never be published, and the report on initial jobless claims has also been postponed. Due to cautiousness from policymakers regarding inflation, the likelihood of the Federal Reserve pausing interest rate cuts next month has increased from 30% a week ago to 44%. A 30-year bond auction is scheduled for today.
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