TREASURY YIELDS HOLD AS BROKERS TRACK OCTOBER FED OUTLOOK

What happened: Treasury yields held steady Wednesday as investors awaited labor market data ahead of the Fed's October 28 meeting, while mortgage rates eased and oil prices stayed elevated on Middle East supply concerns. Key numbers: 10-year Treasury dipped to 5.113%; 2-year rose to 4.797%; 30-year bond slipped Why it matters: Brokers are watching whether the Fed's decision moves mortgage rates, with one industry veteran arguing a hike could push bond yields and mortgage rates lower. Sustained oil pressure feeds inflation expectations, which lift long-term yields and fixed mortgage rates.

Treasury yields holding steady as brokers monitor October Fed outlook.

Treasury yields holding steady as brokers monitor October Fed outlook. — impact context not separately stored; see What changed.