US 10-Year Yield Extends Decline

The yield on the 10-year US Treasury fell to around 4.11% on Thursday, sliding for the third straight session as investors awaited new policy cues from the Federal Reserve after the latest FOMC minutes signaled a divided outlook.

The minutes from the September meeting showed members agreed that risks to the labor market had risen enough to justify a rate cut but remained cautious about persistent inflation.

Traders continued to price in a quarter-point cut later this month and another in December.

Markets now await remarks from Fed Chair Jerome Powell later today for further guidance.

Meanwhile, the ongoing US government shutdown has delayed key economic data releases, limiting the information available to both policymakers and investors.