Treasury Yields Resume Upward Trend As Inflation Data Approaches
Treasury yields are resuming their upward trend, following a brief respite after the September payrolls report. Markets are now anticipating upcoming inflation data, with analysts suggesting the modest jobs report is insufficient to deter the Federal Reserve's focus on inflation.
1144 ET - The respite from September payrolls was brief. Treasury yields resumed their rise as markets shifted attention to inflation data due in a couple of weeks. "For the Fed, the mediocre September jobs report isn't bad enough to shift the focus away from inflation," Fifth Third's Bill Adams wrote.