The yield on the US 10-year Treasury note was little changed at around 5% on Monday, pausing a three-week decline that had pushed the benchmark yield close to one-month lows. Investors are bracing for a busy week of economic releases and the Fed’s monetary policy decision. The Fed is widely expected to leave interest rates unchanged this month, with markets focused on policymakers’ forward guidance, particularly any signals regarding a potential rate hike in December. Key economic releases, including GDP growth and the PCE inflation index, will also be closely watched for clues on the outlook for monetary policy. Meanwhile, falling oil prices helped ease concerns over renewed inflationary pressures. Crude prices came under pressure as Iran prepared to host senior security and defence officials from Saudi Arabia, Pakistan and Turkey in an effort to revive peace talks.
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