The yield on the US 10-year Treasury note hovered around 4.93% on Monday, remaining near its lowest level in seven weeks as investors awaited key US economic data that could influence expectations for the Federal Reserve monetary policy. Market participants are closely monitoring the October jobs report, alongside the ISM manufacturing and services surveys. Several Fed officials are also scheduled to speak this week, potentially offering additional insight into the central bank’s upcoming policy decisions. Last week, the Fed maintained interest rates at their current levels as widely anticipated, while markets are pricing in roughly a 75% probability of a rate hike in December. Meanwhile, oil prices declined amid reports that President Donald Trump intends to give diplomatic efforts more time as the midterm elections approach. Elsewhere, easing pressure on AI-related stocks following Friday’s sharp selloff reduced demand for traditional safe-haven assets.