Bond Traders Bet on a CPI Surge That Bolsters Case for Fed Pivot


Unexpectedly robust US jobs data jolted yields higher on Friday and bolstered bets that the Fed’s next move will be a hike by December. Ten-year yields surged to 4.55%, a two-week high. The rate on the two-year, which is especially sensitive to Fed expectations, touched 4.18%, the highest since February 2025.



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