US bond market traders are awaiting the latest consumer price index data and Federal Reserve Chairman Kevin Walsh's statement to determine how fast the Federal Reserve will continue to raise interest rates in the future. After the Federal Reserve unanimously decided to raise interest rates last month, and US bond yields jumped sharply, the overall yield did not change much last week and hovered near a 24-year high. Investors are awaiting new economic data. The US bond market was closed on Monday due to a public holiday, while US stocks traded as usual. This month's non-farm payrolls report showed a marked slowdown in employment growth, prompting traders to expect the Federal Reserve to keep interest rates unchanged at the next meeting at the end of October, limiting the extent of bond sell-off. The market still expects interest rates to be raised by 25 basis points in December, then two more times until the end of 2027. This kind of market pricing also means that if the consumer price index rises higher than expected in September, it will increase the pressure on the Federal Reserve to speed up the pace of interest rate hikes, which may once again trigger a bond sell-off. Molly Brooks, an American interest rate strategist at TD Securities, said, “The risk of the CPI report is asymmetric. If the data is heated, it may indicate that the Fed needs to speed up the pace of austerity; if the data is weak or in line with expectations, it will continue to reinforce the reasons for the Fed to act cautiously.” Walsh will talk with IMF Managing Director Kristalina Georgieva from 10:30-11:00 a.m. local time in Bangkok on Friday. Two other high-profile US Federal Reserve officials, Governor Christopher Waller and Cleveland Federal Reserve President Beth Hammark, will also speak.

US bond market traders are awaiting the latest consumer price index data and Federal Reserve Chairman Kevin Walsh's statement to determine how fast the Federal Reserve will continue to raise interest rates in the future. After the Federal Reserve unanimously decided to raise interest rates last month, and US bond yields jumped sharply, the overall yield did not change much last week and hovered near a 24-year high. Investors are awaiting new economic data. The US bond market was closed on Monday due to a public holiday, while US stocks traded as usual. This month's non-farm payrolls report showed a marked slowdown in employment growth, prompting traders to expect the Federal Reserve to keep interest rates unchanged at the next meeting at the end of October, limiting the extent of bond sell-off. The market still expects interest rates to be raised by 25 basis points in December, then two more times until the end of 2027. This kind of market pricing also means that if the consumer price index rises higher than expected in September, it will increase the pressure on the Federal Reserve to speed up the pace of interest rate hikes, which may once again trigger a bond sell-off. Molly Brooks, an American interest rate strategist at TD Securities, said, “The risk of the CPI report is asymmetric. If the data is heated, it may indicate that the Fed needs to speed up the pace of austerity; if the data is weak or in line with expectations, it will continue to reinforce the reasons for the Fed to act cautiously.” Walsh will talk with IMF Managing Director Kristalina Georgieva from 10:30-11:00 a.m. local time in Bangkok on Friday. Two other high-profile US Federal Reserve officials, Governor Christopher Waller and Cleveland Federal Reserve President Beth Hammark, will also deliver speeches.