Reported 8 days ago
The recent rise in Treasury yields, notably with the 10-year yield topping 4.5% for the first time since May, drew interest from bond investors following strong retail sales data. The spike led to large trades in 10-year note futures, reflecting a shift in market sentiment regarding potential Federal Reserve interest rate cuts. As the market adjusts, the likelihood of a rate reduction in December appears to have diminished, reflecting evolving expectations among traders and economists in light of recent economic indicators.
Source: YAHOO