@taskmaster4450le's thread

The yield on the US 10-year Treasury note neared 4.8% to start the second week of the year, its highest level since October 2023, after rising 17 bps last week. Similarly, the yield on the 30-year Treasury surpassed 5% for the first time in over a year. Market sentiment was pressured as traders scaled back expectations for Federal Reserve rate cuts this year, driven by a stronger-than-expected jobs report on Friday. Concerns over inflationary policies under President-elect Donald Trump also added to the cautious outlook. Traders now anticipate only 27 basis points of rate cuts in 2024, a sharp reduction from the 50 basis points forecast earlier this month, with the expected single quarter-point cut likely postponed to the second half of the year. This week's CPI and PPI data will offer key insights into inflation trends.