Treasuries advanced as softer-than-forecast US inflation data bolstered expectations that the Federal Reserve will cut its benchmark interest-rate at least twice next year. The policy-sensitive two-year yield fell about two basis points to 3.46% and touched the lowest since October as the figures underscored the case for more Fed cuts amid signs of a cooling labor market. The 10-year yield fell about four basis points, to 4.11%. Most Read from Bloomberg The consumer price-growth figures out Thursday, ...

Core Insights - The dollar, oil prices, and U.S. stock futures experienced a decline, indicating a shift in market sentiment [1] - Eurozone and Treasury yields also fell, reflecting growing hopes for a reduction in interest rates [1] - Sentiment regarding the U.S. credit sector weakened, contributing to the overall market downturn [1]

Market Overview - Stocks are expected to rise again, with investors maintaining a bullish sentiment despite a government shutdown and weak jobs data [1] - Dow Jones Industrial Average futures decreased by 23 points (0.1%), while S&P 500 contracts increased by 0.2% after both indexes reached record closing highs [2] - Nasdaq 100 futures rose by 0.4%, following a rally in Asian tech stocks due to OpenAI's deals with South Korean memory chip manufacturers Samsung and SK Hynix [2] Economic Indicators - The yield on the benchmark 10-year U.S. Treasury note remained unchanged at 4.11% [3] - Gold prices decreased by 0.1% to $3,892 per ounce, and the U.S. dollar fell by 0.1% against a weighted basket of currencies [3]

Core Viewpoint - U.S. stock futures are fluctuating as the market anticipates the Federal Reserve's timeline for interest rate cuts, with major indexes experiencing declines after previous gains in financial and technology sectors following a recent rate cut [1][2]. Group 1 - U.S. stock futures showed mixed results, with Dow Jones Industrial Average futures up by 39 points (0.1%), while S&P 500 futures fell by 0.1% and Nasdaq 100 futures decreased by 0.2% [1]. - Major indexes have declined for two consecutive days, which has diminished some of the gains observed in financial stocks and technology companies after the Federal Reserve's interest rate cut earlier this month [2].