FX.co ★ Treasury Yields Edge Lower

On Monday, the yield on the US 10-year Treasury note fell to 4.14% as investors took a cautious approach ahead of a pivotal week for economic data. With the conclusion of the government shutdown, several delayed reports, including job statistics and trade figures, are set to be released by prominent statistical agencies. These updates are expected to provide a more detailed perspective on the US economy and labor market, especially as many policymakers increasingly question the necessity of further interest rate cuts. Market predictions for a quarter-point cut in December have decreased significantly to approximately 43%, a notable decline from the figures observed last week. Additionally, the release of the Federal Open Market Committee (FOMC) minutes could offer further insights into the Federal Reserve's intentions.