According to CME's FedWatch Tool, the bet on a 50 basis point rate cut by the Fed next week has risen from 28% yesterday to 43%, and US Treasury yields are poised to record a weekly decline. This week's CPI and PPI data have supported expectations of a mild PCE reading at the end of the month, leading some investors to anticipate that the Fed will be more concerned about employment issues. Meanwhile, The Wall Street Journal reported that officials are considering more aggressive monetary easing, as they believe inflation is under control and are concerned about employment. The 10-year US Treasury yield is trading near 3.657%, while the 2-year US Treasury yield is at 3.598%. (Golden Ten)