10-year Treasury yield falls to 4% then snaps back as traders assess inflation data
1. 10-year Treasury yield dropped to 4%, then stabilized at 4.032%. 2. August CPI rose 0.4%; annual inflation rate stable at 2.9%. 3. Weekly jobless claims hit 263,000, exceeding expectations of 235,000. 4. Market anticipates a 25 bp interest rate cut by the Fed next week. 5. Producer price index declined unexpectedly, boosting rate cut expectations.