# 10-year Treasury yield races back to 5% as inflation data, Waller comments drive rate hike expectations

- URL: https://talkfuse.com/story/10-year-treasury-yield-races-back-to-5-as-inflation-data-waller-comments-drive-rate-hike-expectations/
- Published: 2026-11-10T21:06:07+00:00
- Updated: 2026-11-11T07:37:36+00:00
- Original publisher: CNBC (publisher lean: Centre)
- Original article: https://www.cnbc.com/2026/11/10/us-bonds-treasurys-yields.html
- Topics: Business, Economy

## Key points

- October inflation exceeded forecasts.
- Waller raised the prospect of a larger rate rise.
- Weak bond demand added pressure on Treasury prices.

## Summary

October consumer prices rose more than economists expected, while comments from Federal Reserve Governor Christopher Waller and a weak Treasury auction pushed bond yields higher. The developments strengthened expectations of a December rate rise and raised the possibility that tighter policy could continue into 2027.

The consumer price index increased 0.4% in October, against forecasts of 0.3%; core CPI rose 0.3%, also above expectations. Waller said a 50-basis-point increase should be considered if inflation remains unexpectedly high, though markets had largely priced in a 25-basis-point December hike. A soft 10-year Treasury auction and stronger-than-forecast employment figures added to pressure on bonds; Brent crude fell 1.17% to $91.49 a barrel.

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Summarised by TalkFuse (https://talkfuse.com/). Quote the original publisher for the reporting and link this page for the summary and discussion.