U.S. 10-year bond yield nears key level

Market Trends & Inflation - The Treasury market's tenure is hovering below a key level of 425 basis points (425%) [1] - Inflation remains sticky, with year-over-year core PCE inflation at 290 basis points (290%) [1][2] - Core PCE inflation is holding at slightly below 300 basis points (300%), well above pre-COVID levels, while the target is 200 basis points (200%) [2] Monetary Policy & Labor Market - The Fed should pause any aggressive easing strategy unless the labor market deteriorates [3] - Initial claims were at 218000, indicating a tame labor market [3] Treasury Market & Dollar Index - Treasury yields are up seven basis points (700%) on the week in a two-year and about five basis points (500%) in a 10-year [4] - Since the Fed's easing on the 17th, the dollar index is up about 160 basis points (160%) [4] Economic Sentiment - University of Michigan sentiment shows some deterioration [3]