10-Year Treasury Note yield closes at lowest level since early September.

10-Year Treasury Note yields moved lower, closing near 4.05%, their lowest level since early September. This comes as the BLS announced that delayed CPI data for September will be released on October 24, just ahead of the October FOMC meeting. The market is pricing in a 90% chance of a 25 basis point rate cut. Volatility has increased, with the 10-Year T-Note futures CVOL reaching its highest level since early September. Looking ahead, the focus will be on upcoming manufacturing data releases and speeches from several Fed officials, including Chair Powell, who is expected to provide more insight into the economic outlook.