Consumer Sentiment and Inflation Data - The University of Michigan's preliminary consumer sentiment index for October is reported at 55.0, slightly better than expectations and close to the September final read of 55.1 [1][2] - Current conditions index improved to 61.0, exceeding expectations and up from 60.4 [2] - Expectations index fell to 51.2, disappointing as it was below both expectations and the previous month's 51.7 [2] Inflation Metrics - Year-over-year inflation is reported at 4.6%, which is lower than the expected 4.7% and marks the lowest reading since February [2][3] - The 5 to 10-year inflation expectation remains stable at 3.7%, matching both expectations and previous readings [3] - The lowest inflation reading prior to this was 4.3% in February, while the highest was 4.0% in June [4] Impact of Government Shutdown - The government shutdown has resulted in delays in reporting key economic indicators such as construction spending, jobless claims, factory orders, and wholesale inventories [4] - The Consumer Price Index (CPI) report is anticipated to be released around October 15, although the exact date remains uncertain [4] Treasury Yield - The current tenure yield is reported at 4.09%, down three basis points from the previous week's 4.12% [5]