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

The yield on the 10-year Treasury remained around 4.14% on Thursday following an increase the day before, as investors awaited key data on labor and inflation to inform the Federal Reserve's policy direction. Weekly jobless claims, expected later today, come in the midst of growing concerns about labor market fragility and increasing layoffs. Additionally, Friday's release of the PCE (Personal Consumption Expenditures) price index will shed light on how tariffs are affecting prices. Recent statements from the Fed have clouded expectations for further rate cuts, with markets no longer fully anticipating a reduction next month. Currently, futures suggest a total of 43 basis points of easing across the Fed's two remaining meetings this year. Concerns about a possible government shutdown added to the overall cautious sentiment.