US Oct CPI MoM +0.4% (exp +0.3%), and hawkish signals from Fed governor WALLER pushed Treasury yields broadly higher. 10-year Treasury yield hit 5.012%, 2-year 4.759%. Market-implied odds for a 25bp Fed hike in December are 86%, 50bp odds 14%. WALLER said if inf runs materially above expectations the Fed may need larger policy action. European bond markets repriced: German 10-year Bund yield rose to 3.307%, highest since Nov. 3.

2026-11-11

US Oct CPI MoM +0.4% (exp +0.3%), and hawkish signals from Fed governor WALLER pushed Treasury yields broadly higher. 10-year Treasury yield hit 5.012%, 2-year 4.759%. Market-implied odds for a 25bp Fed hike in December are 86%, 50bp odds 14%. WALLER said if inf runs materially above expectations the Fed may need larger policy action. European bond markets repriced: German 10-year Bund yield rose to 3.307%, highest since Nov. 3.