US 10-Year Yield Steady Ahead of Inflation Data

The yield on the US 10-year Treasury note held steady at 4.47% on Wednesday, pausing after two consecutive declines, as investors turned cautious ahead of the latest CPI report.

The data is expected to provide insight into the economic impact of recent tariffs and broader inflationary trends.

Market focus also remained on US–China trade developments.

US Commerce Secretary Howard Lutnick said both sides had reached a framework to implement the Geneva consensus and advance commitments made during a recent presidential call.

Meanwhile, traders look forward to Thursday’s 30-year bond auction, which will serve as a key test of investor demand for longer-dated US debt.

While recent auctions have seen solid interest, ongoing concerns about inflation, trade tensions, and heavy issuance continue to underpin expectations for a “higher-for-longer” interest rate environment.