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2025-11-03 16:02:13
[US 10-Year Treasury Yield Holds Steady at Three-Week High] ⑴ On Monday, the US 10-year Treasury yield remained near 4.1%, holding steady at a three-week high as investors awaited key data that could influence the economic and interest rate outlook. ⑵ The ongoing US government shutdown has delayed the release of major reports, including monthly employment data; however, this week's private sector data, such as the ADP employment report, the ISM Purchasing Managers Index, and the University of Michigan Consumer Sentiment Index, will provide directional guidance. ⑶ Last week, the Federal Reserve cut interest rates by 25 basis points as expected, but Chairman Powell hinted that another rate cut in December is not certain. ⑷ The market currently estimates a 67% probability of a rate cut in December, a significant decrease from over 90% before the last meeting.
