In the week ending October 16, U.S. Treasury bond prices fell and the dollar posted its sharpest weekly drop in over a month. Fed Chair Kevin Warsh gave no forward guidance on rates at the IMF meetings in Bangkok, leading traders to cut the probability of an October hike to 20%. The Treasury also did not offer the long-duration issuance cuts or 20-year auction changes that primary dealers had expected. The 30-year yield fell 17 basis points to 5.43%, the 10-year eased to 5.08% and the 2-year settled at 4.72%, narrowing the 10-year/2-year spread to 0.37%. The Dollar Spot Index dropped 0.2% on Friday after hotter-than-expected September CPI data, while investors questioned the durability of the AI boom behind U.S. growth.
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Related tickers and likely impact
DXY
• NeutralRelevance: low
| Market | Currencies |
|---|---|
| Close on 10/16/2026 | 101.78 |
| Change that session | -0.20% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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