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Ten-Year Yield Higher Ahead Of Inflation Data — Market Talk

(Dow Jones) — The 10-year Treasury yield breaches the 4% high as the bond market reopens after the holiday, before falling back to 3.907% ahead of inflation data due later this week. Markets expect the Fed to raise rates by 75 basis point in November, while Fed officials have warned about the risk of over-tightening. PPI data are due Wednesday and CPI will come the next day.

“Short term, core inflation remains sticky,” AmeriVet’s Gregory Faranello says in a report. “Even if inflation comes down, call it 3% at the core level, the Fed will need to keep the Fed Funds Rate above the rate of inflation.”

By: Paulo Trevisani (; @ptrevisani)