09.10.202502:55:00UTC+00US 10-Year Yield Extends Decline

On Thursday, the yield on the 10-year US Treasury dropped to approximately 4.11%, marking its third consecutive decline as investors anticipated forthcoming policy insights from the Federal Reserve. The minutes from the Federal Open Market Committee (FOMC) meeting in September highlighted differing opinions among members. While there was a consensus that risks to the labor market had intensified enough to potentially warrant a rate cut, concerns about persistent inflation remained. Traders are currently factoring in a quarter-point rate cut for later this month, followed by another in December. Ahead of these possible decisions, all eyes are on Federal Reserve Chair Jerome Powell, who is scheduled to deliver remarks today, hoping for additional guidance. Concurrently, the persisting US government shutdown has postponed critical economic data releases, thereby constraining the information available to policymakers and investors alike.