Treasury yields rose this week as expectations for a December rate cut by the Federal Reserve waned. The yield on 10-year notes closed at 4.09% after starting the week below 4%. Chair Jerome Powell’s comments sparked a market selloff, indicating a rate cut is not guaranteed. Corporate bond sales, like Meta Platforms Inc.’s $30 billion offering, are putting pressure on Treasuries. Despite differing views from Fed officials, the odds of a December cut remain uncertain. Yields may face pressure in the coming weeks, with recent highs around 4.20% to 4.25% on the 10-year note.

Read more at Yahoo Finance: US 10-Year Yield Ends Week Above 4% as Traders Pare Rate Bets