U.S. bond yields rise as market eyes upcoming inflation data and potential Fed rate cuts.

The U.S. bond market closed for Veterans Day after the 10-year Treasury note yield rose above 4.4% to close at 4.306%, and the 2-year note yield reached 4.25%. This week, key inflation data and Federal Reserve officials' speeches will be closely watched. The Fed recently lowered interest rates by 25 basis points to a range of 4.50%-4.75%, and traders predict a 63% chance of another rate cut in December.

November 11, 2024
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