0946 ET - The U.S. 2-year yield is sensitive to expectations for short-term interest rates. The core CPI, which excludes volatile food and energy prices came in hotter than analysts expected in August, rising 0.3% month-over-month versus the expectation of 0.2%. The U.S. 2-year yield rose to 4.598%. Odds for a rate hike at next week's Fed meeting also climbed to nearly 90%. A month ago, those odds were nearly split.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.