US 2-Year Yields Surge to 4.73% After CPI Report and Waller Remarks

Key Facts

US 2-year Treasury yields rose 19 basis points to reach 4.73% following the release of the Consumer Price Index (CPI) report. According to investinglive.com, Federal Reserve Governor Chris Waller suggested that a 50 basis point rate hike could be considered for December if core inflation remains high, noting the widening breadth of price increases observed in the data.

The surge in yields follows a 0.3% rise in core CPI, signaling persistent inflationary pressures. In equity markets, Whirlpool Corporation (WHR) closed at $31.89 on November 9, 2026, as companies weigh price hikes of up to 7% to offset rising input costs and margin compression. Geopolitically, Secretary of State Marco Rubio stated that negotiations with Iran have not been productive due to unacceptable demands from Tehran.

Market participants are looking ahead to the Producer Price Index (MoM) release on November 13, 2026, with a forecast of 0.4%, which may further influence the Federal Reserve's monetary policy trajectory.