US Treasury yields surge as October CPI inflation exceeds forecasts
Published . Updated .
Latest 10-year yield, chart and Fed context: 10-year Treasury yield tracker →
Key takeaways
- US Treasury yields rise after October CPI inflation increases 0.4%, exceeding forecasts and strengthening expectations for a Federal Reserve rate hike in December
- Exposed: TIP, XLP, TLT, WMT, JPM
- Market reaction: TIP −0.6% on the day (still updating); XLP −0.6% on the day (still updating); TLT −1.3% on the day (still updating)
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US Treasury yields rise after October CPI inflation increases 0.4%, exceeding forecasts and strengthening expectations for a Federal Reserve rate hike in December
Directly affected
- No company is named in this report.
Indirectly affected
- TIP iShares TIPS Bond ETF-0.3% 30d
iShares TIPS Bond ETF: it is a common hedge when prices rise. Linked by “inflation” (inflation and prices) in this story.
- XLP Consumer Staples Select Sector SPDR-2.0% 10d
Consumer Staples Select Sector SPDR: it is a common hedge when prices rise. Linked by “inflation” (inflation and prices) in this story.
- TLT iShares 20+ Year Treasury Bond ETF-2.8% 30d
iShares 20+ Year Treasury Bond ETF: Treasury bond prices move with interest-rate expectations. Linked by “treasury yields” (US interest rates) in this story.
- JPM JPMorgan Chase+0.1% 30d
JPMorgan Chase (national commercial banks): rate changes move lenders' margins and borrowers' demand. Linked by “treasury yields” (US interest rates) in this story.
- BAC Bank of America-11.4% 30d
Bank of America (national commercial banks): rate changes move lenders' margins and borrowers' demand. Linked by “treasury yields” (US interest rates) in this story.
- WMT Walmart+20.2% 30d
Walmart (variety stores): big consumer-goods sellers feel price rises in costs and shopper demand. Linked by “inflation” (inflation and prices) in this story.
- COST Costco Wholesale+15.3% 30d
Costco Wholesale (variety stores): big consumer-goods sellers feel price rises in costs and shopper demand. Linked by “inflation” (inflation and prices) in this story.
- PG The Procter & Gamble+13.4% 30d
The Procter & Gamble (soap, detergents, cleang preparations, perfumes, cosmetics): big consumer-goods sellers feel price rises in costs and shopper demand. Linked by “inflation” (inflation and prices) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| TIP | +0.06% | +0.20% | base | -0.64% | after close | after close | after close |
| XLP | -2.12% | +0.44% | base | -0.64% | after close | after close | after close |
| TLT | -1.07% | -0.05% | base | -1.28% | after close | after close | after close |
| JPM | -1.14% | -1.31% | base | +0.42% | after close | after close | after close |
| BAC | -1.83% | -1.53% | base | +0.58% | after close | after close | after close |
| WMT | -0.64% | +1.67% | base | -0.41% | after close | after close | after close |
| COST | -4.41% | -0.01% | base | -0.63% | after close | after close | after close |
| PG | -3.76% | -0.78% | base | -0.31% | after close | after close | after close |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
US Treasury yields surge as October CPI inflation exceeds forecasts Beinsure
Source: Beinsure
How far Ishares Tr (TIP) has moved since 10 Nov 2026
| Company | When | Move | Status |
|---|---|---|---|
| Bank Of America (BAC) | that day | +0.58% | still updating |
| Bank Of America (BAC) | three days earlier | -1.53% | final price |
| Bank Of America (BAC) | five days earlier | -1.83% | final price |
| Costco Wholesale (COST) | that day | -0.63% | still updating |
| Costco Wholesale (COST) | three days earlier | -0.01% | final price |
| Costco Wholesale (COST) | five days earlier | -4.41% | final price |
| Jpmorgan Chase (JPM) | that day | +0.42% | still updating |
| Jpmorgan Chase (JPM) | three days earlier | -1.31% | final price |
| Jpmorgan Chase (JPM) | five days earlier | -1.14% | final price |
| Procter & Gamble (PG) | that day | -0.31% | still updating |
| Procter & Gamble (PG) | three days earlier | -0.78% | final price |
| Procter & Gamble (PG) | five days earlier | -3.76% | final price |
| Ishares Tr (TIP) | that day | -0.64% | still updating |
| Ishares Tr (TIP) | three days earlier | +0.20% | final price |
| Ishares Tr (TIP) | five days earlier | +0.06% | final price |
| Ishares Tr (TLT) | that day | -1.28% | still updating |
| Ishares Tr (TLT) | three days earlier | -0.05% | final price |
| Ishares Tr (TLT) | five days earlier | -1.07% | final price |
| Walmart (WMT) | that day | -0.41% | still updating |
| Walmart (WMT) | three days earlier | +1.67% | final price |
| Walmart (WMT) | five days earlier | -0.64% | final price |
| Select Sector Spdr Tr (XLP) | that day | -0.64% | still updating |
| Select Sector Spdr Tr (XLP) | three days earlier | +0.44% | final price |
| Select Sector Spdr Tr (XLP) | five days earlier | -2.12% | final price |
Congressional trades in the stocks in this story
- Rep. Rohit Khanna bought Jpmorgan Chase (JPM) (held by a dependent child), worth $1,001 - $15,000 on 15 Oct 2026. That is 26 days before publication. Filed 5 Nov 2026. View the filing.
- Rep. Rohit Khanna bought Jpmorgan Chase (JPM) (held by a spouse), worth $100,001 - $250,000 on 8 Oct 2026. That is 33 days before publication. Filed 5 Nov 2026. View the filing.
- Sen. Sheldon Whitehouse sold Jpmorgan Chase (JPM) (held by a spouse), worth $15,001 - $50,000 on 4 Sep 2026. That is 67 days before publication. Filed 1 Oct 2026. View the filing.
- Rep. Rohit Khanna bought Bank Of America (BAC) (held by a spouse), worth $1,001 - $15,000 on 20 Oct 2026. That is 21 days before publication. Filed 5 Nov 2026. View the filing.
- Rep. Rohit Khanna sold Bank Of America (BAC) (held by a dependent child), worth $1,001 - $15,000 on 13 Oct 2026. That is 28 days before publication. Filed 5 Nov 2026. View the filing.
- Rep. Rohit Khanna sold Bank Of America (BAC) (held by a spouse), worth $1,001 - $15,000 on 9 Sep 2026. That is 62 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Rohit Khanna bought Walmart (WMT) (held by a dependent child), worth $15,001 - $50,000 on 13 Oct 2026. That is 28 days before publication. Filed 5 Nov 2026. View the filing.
- Rep. Rohit Khanna sold Walmart (WMT) (held by a spouse), worth $1,001 - $15,000 on 7 Oct 2026. That is 34 days before publication. Filed 5 Nov 2026. View the filing.
- Rep. Pete Sessions sold Walmart (WMT) (held by a spouse), worth $50,001 - $100,000 on 2 Oct 2026. That is 39 days before publication. Filed 27 Oct 2026. View the filing.
- Rep. Pete Sessions sold Costco Wholesale (COST), worth $100,001 - $250,000 on 13 Oct 2026. That is 28 days before publication. Filed 27 Oct 2026. View the filing.
- Rep. Rohit Khanna bought Costco Wholesale (COST) (held by a spouse), worth $1,001 - $15,000 on 12 Oct 2026. That is 29 days before publication. Filed 5 Nov 2026. View the filing.
- Rep. Rohit Khanna bought Costco Wholesale (COST) (held by a spouse), worth $1,001 - $15,000 on 7 Oct 2026. That is 34 days before publication. Filed 5 Nov 2026. View the filing.
Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).
Who gains and who loses around Ishares Tr (TIP)
Companies tied to this story
- TIP Ishares Tr
In “US Treasury yields surge as October CPI inflation exceeds forecasts,” Ishares Tr (TIP) is linked, with no stored direction, medium confidence. Reason on file: iShares TIPS Bond ETF: it is a common hedge when prices rise. Linked by “inflation” (inflation and prices) in this story
- XLP Select Sector Spdr Tr
In “US Treasury yields surge as October CPI inflation exceeds forecasts,” Select Sector Spdr Tr (XLP) is linked, with no stored direction, medium confidence. Reason on file: Consumer Staples Select Sector SPDR: it is a common hedge when prices rise. Linked by “inflation” (inflation and prices) in this story
- TLT Ishares Tr
For “US Treasury yields surge as October CPI inflation exceeds forecasts,” Ishares Tr (TLT) is linked, with no stored direction, medium confidence. Reason on file: iShares 20+ Year Treasury Bond ETF: Treasury bond prices move with interest-rate expectations. Linked by “treasury yields” (US interest rates) in this story
- WMT Walmart
In “US Treasury yields surge as October CPI inflation exceeds forecasts,” Walmart (WMT) is linked, with no stored direction, medium confidence. Reason on file: Walmart (variety stores): big consumer-goods sellers feel price rises in costs and shopper demand. Linked by “inflation” (inflation and prices) in this story
- JPM Jpmorgan Chase
Jpmorgan Chase (JPM) is linked, with no stored direction, medium confidence in the 10 Nov 2026 story “US Treasury yields surge as October CPI inflation exceeds forecasts.” Reason on file: JPMorgan Chase (national commercial banks): rate changes move lenders' margins and borrowers' demand. Linked by “treasury yields” (US interest rates) in this story
- COST Costco Wholesale
For “US Treasury yields surge as October CPI inflation exceeds forecasts,” Costco Wholesale (COST) is linked, with no stored direction, medium confidence. Reason on file: Costco Wholesale (variety stores): big consumer-goods sellers feel price rises in costs and shopper demand. Linked by “inflation” (inflation and prices) in this story
- BAC Bank Of America
In “US Treasury yields surge as October CPI inflation exceeds forecasts,” Bank Of America (BAC) is linked, with no stored direction, medium confidence. Reason on file: Bank of America (national commercial banks): rate changes move lenders' margins and borrowers' demand. Linked by “treasury yields” (US interest rates) in this story
- PG Procter & Gamble
For “US Treasury yields surge as October CPI inflation exceeds forecasts,” Procter & Gamble (PG) is linked, with no stored direction, medium confidence. Reason on file: The Procter & Gamble (soap, detergents, cleang preparations, perfumes, cosmetics): big consumer-goods sellers feel price rises in costs and shopper demand. Linked by “inflation” (inflation and prices) in this story
Ishares Tr (TIP)
The 10 Nov 2026 story “US Treasury yields surge as October CPI inflation exceeds forecasts” names Ishares Tr (TIP) because of this story.
Ishares Tr (TIP) is on the page because iShares TIPS Bond ETF: it is a common hedge when prices rise. Linked by “inflation” (inflation and prices) in this story
Also listed, Select Sector Spdr Tr (XLP): Consumer Staples Select Sector SPDR: it is a common hedge when prices rise. Linked by “inflation” (inflation and prices) in this story
Price levels for Ishares Tr (TIP)
TIP traded between 103.77 and 105.61 across 16 sessions. The latest close on file is 105.27. TLT traded between 76.44 and 80.56 across 16 sessions. The latest close on file is 79.46. XLP traded between 80.10 and 82.50 across 6 sessions. The latest close on file is 81.02.
A simple score for Ishares Tr (TIP)
46 out of 100Price not final
“US Treasury yields surge as October CPI inflation exceeds forecasts” scores 46 out of 100. The score uses 1 sources, and 8 linked companies. The price is not final yet.