On Oct. 15, the U.S. Department of the Treasury's 10-year par-yield reading was 5.10%, nine basis points below Oct. 14; September brought a 0.6% consumer-price increase and a 1.3% gain in final-demand producer prices.
The Treasury calculates its daily par series using indicative market bids at or near 3:30 p.m. ET. EconoTimes previously covered the Oct. 15 readings for the 10- and 30-year maturities in its report on the Treasury curve. The series records the yield change but does not establish its cause.
The two-year rate was 4.77%, down from 4.82% on Oct. 14. The 10-year/two-year spread measured 33 basis points on Oct. 15, versus 51 basis points on Oct. 7. One basis point equals 0.01 percentage point.
The Bureau of Labor Statistics (BLS) reported a 3.7% increase in the Consumer Price Index (CPI) from a year earlier in September. Gasoline prices advanced 9.1% and made up over half of the month's CPI rise. Excluding food and energy, prices rose 0.3% from August and 2.6% over 12 months.
The BLS measured a 1.3% September rise in final-demand producer prices, leaving them 6.3% above their year-earlier level. Energy accounted for more than 80% of the gain among final-demand goods; final-demand service prices increased 0.8%.
The BLS reported 29,000 payroll additions in September. Revisions cut the combined July and August gains by 60,000, while unemployment rose to 4.2% from 4.1% in August.
In September, the Fed added 25 basis points to its target range, setting it at 3.75% to 4%. Fed participants' median forecast put the federal funds rate at 4.1% for year-end 2026 and 3.2% over the longer run. Those forecasts do not bind the Fed to future action. The Federal Open Market Committee (FOMC) is scheduled to meet Oct. 27-28.
