--- title: "TREASURIES-US bonds slip as investors await inflation data, Fed signals" type: "News" locale: "en" url: "https://longbridge.com/en/news/301436701.md" datetime: "2026-10-09T20:15:47.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/301436701.md) - [en](https://longbridge.com/en/news/301436701.md) - [zh-HK](https://longbridge.com/zh-HK/news/301436701.md) generator: "portal-rs" --- # TREASURIES-US bonds slip as investors await inflation data, Fed signals - US 10-year yields may be nearing a peak, analyst says - US 2⁄10 yield curve flattens - US rate futures price in Fed interest rate pause this month By Gertrude Chavez-Dreyfuss NEW YORK, Oct 9 (Reuters) - US Treasuries fell on Friday, reversing some of the gains from earlier this week, as investors looked to upcoming inflation reports for clues on what the Federal Reserve will do at its October 27-28 policy meeting. In afternoon trading, the benchmark 10-year yield was up 2.8 basis points (bps) at 5.261% (US10YT=RR) after hitting a 24-year high earlier this week. On the week, however, 10-year yields were down 3.5 bps, the largest weekly drop in two months. US 30-year yields were marginally higher at 5.608% (US30YT=RR) , but fell 2.9 bps on a weekly basis. When Treasury prices fall, yields rise. On the shorter end of the curve, US 2-year yields, which typically reflect interest rate expectations, climbed 4.4 bps to 4.799% (US2YT=RR) . On the week, the yield declined 3.4 basis points. “We saw just a little of a giveback after a pretty strong move this week in which we saw lower yields due to the strong 10-year and 30-year auctions,” said Chip Hughey, managing director of fixed income at Truist Wealth in Richmond, Virginia. “Yields across the curve really moved pretty sharply lower, so I think it’s normal for the market to take a little breather after a move like we had this week,” Hughey said. Market participants looked ahead to inflation data next week, with the latest Consumer Price Index and Producer Price Index reports due to be released on Wednesday and Thursday, respectively. Ruchir Sharma, an economist at Nomura, wrote in a research note that core CPI inflation likely decelerated in September as the temporary boost to wireless telecom prices faded. “Considering little urgency for consecutive rate hikes as well as the proximity to the midterm elections, our inflation forecast is unlikely to raise the likelihood of an October rate hike by the Fed,” Sharma said. US rate futures on Friday priced in an 80% chance the Fed will remain on hold at its policy meeting this month. Treasury yields moved slightly higher after the University of Michigan showed that inflation expectations over the next year had increased in October to 4.7% from 4.6% in September. Twelve-month inflation expectations have surged from 3.4% in February before the US-Israeli war with Iran started. The overall consumer sentiment index slumped further in early October to 46.3 from 48.1 last month. Elsewhere in the Treasury market, the yield curve flattened for a second day on Friday, with the spread between 2-year and 10-year yields narrowing to 45.5 bps from 46.7 bps late on Thursday. Friday’s flattening largely reflected a reversal of steepening moves in the last few weeks as the market focused on inflation risks amid the rise in oil prices and concerns over the US fiscal outlook. “We’re nearing the higher end of where 10-year yields will go in the near term, barring a flare-up in the Middle East,” Hughey said, noting that the market has seen buyers step in when the 10-year yield has approached the 5.30%-5.35% range. “We have also seen that as the 10-year gets toward that range, the stock market has shown some discomfort and we have seen selloffs in risk assets and that has limited the 10-year’s move higher,” he added. ### Related Stocks - [IEF.US](https://longbridge.com/en/quote/IEF.US.md) - [SPY.US](https://longbridge.com/en/quote/SPY.US.md) - [TIP.US](https://longbridge.com/en/quote/TIP.US.md) - [TLT.US](https://longbridge.com/en/quote/TLT.US.md) ## Related News & Research - [Results: Armac Locação, Logística e Serviços S.A. Beat Earnings Expectations And Analysts Now Have New Forecasts](https://longbridge.com/en/news/305545561.md) - [Earnings Miss: InfraCom Group AB (publ) Missed EPS By 23% And Analysts Are Revising Their Forecasts](https://longbridge.com/en/news/305536491.md) - [The Gek Terna S.A. (ATH:GEKTERNA) Analysts Have Been Trimming Their Sales Forecasts](https://longbridge.com/en/news/305530438.md) - [SALIK: Geopolitical disruption pressured results, while VAT compensation neutralized reassessment and refinancing remains key](https://longbridge.com/en/news/305533519.md) - [Micron Technology (MU) Faces Fresh Regulatory Pressure In AI Memory](https://longbridge.com/en/news/305549294.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**