- The 10-year Treasury yield fell more than 2 basis points to 5.0729%, and the 30-year yield fell 2 basis points to 5.4122%.
- The 2-year Treasury yield was broadly flat at 4.7273%, tracking expectations for short-term Federal Reserve policy.
- WTI futures for November delivery fell 2.05% to $99.33 per barrel, and Brent fell 2.65% to $106.99 as investors weighed more Russian crude supply.
- September wholesale prices rose 6.3% annually, the biggest jump since 2022, and consumer prices rose 3.7% annually, beating estimates.
- Traders price an above-85% probability that the FOMC leaves borrowing costs unchanged at its Oct. 28 decision.
Quotes
“the main benchmark for mortgages, auto loans and credit card debt”