FX.co ★ US 10-Year Yield Steady Ahead of Inflation Data

The yield on the US 10-year Treasury note remained stable at 4.47% on Wednesday, halting after two consecutive declines, as investors approached the upcoming Consumer Price Index (CPI) report with caution. The forthcoming data is anticipated to shed light on the economic ramifications of recent tariffs and broader inflationary trends. Furthermore, market attention continues to be focused on US-China trade developments. US Commerce Secretary Howard Lutnick announced that both nations have established a framework to implement the Geneva consensus and advance commitments made during a recent presidential discussion. Concurrently, market participants are anticipating Thursday’s auction of 30-year bonds, which will be a significant indicator of investor appetite for long-term US debt. Although recent auctions have garnered solid interest, persistent concerns regarding inflation, trade tensions, and substantial issuance support expectations for a prolonged period of higher interest rates.