Heading to Principal’s Office for a Pint: Windsor’s Schoolhouse Brewery | SaltWireSYDNEY - Asia stock markets were softer on Monday ahead of U.S inflation September data this week with investors seeking signals about the Federal Reserve's next likely moves on interest rates.
Investors are pricing in a 93% probability that the Fed will keep rates at current levels after its next meeting ends on Sept. 20 but only 53.5% for another pause at the November meeting, according to CME group's FedWatch Tool. The yield on benchmark 10-year Treasury notes rose to 4.2939% compared with its U.S. close of 4.256% on Friday. The two-year yield, which rises with traders' expectations of higher Fed fund rates, touched 5.0033% compared with a U.S. close of 4.984%.
Global energy markets are also keeping a close watch on Chevron Corp's negotiations with its workers after strikes began at key liquefied natural gas facilities in Australia that supply 5% of the world's output
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