Hotter — than — expected US inflation drives bond yields higher, SJF Bank says
SJF Bank's October 14, 2026 analysis linked rising bond yields to September US inflation accelerating to 3.7% from 3.4%. Core inflation increased to 2.6% from 2.4%, exceeding expectations of 2.5%. Markets priced a nearly 50% probability of a Fed rate increase on October 28, up from roughly 20% before the release. US tw