10-year Treasury yield tops 4.10% as Fed’s Bostic says he’s OK with pausing rate cuts

Sale prices are displayed at a grocery store in San Rafael, California. The 10-year Treasury yield rose as investors analyzed inflation and jobless claims data and comments from Atlanta Federal Reserve President Raphael Bostic. Bostic suggested a pause in interest rate cuts. The 10-year Treasury yield increased to 4.114%, while the 2-year Treasury remained at 4.02%. Yields move opposite to prices. The consumer price index rose 0.2% in September, higher than expected. Jobless claims also unexpectedly increased. The Federal Reserve’s minutes from September showed some disagreement over the size of the rate cut. Analysts believe the Fed will continue with rate cuts unless inflation significantly rises.