Treasury yields fall as August PCE report comes in milder than expected, potentially supporting another bulky 50-basis-point interest rate cut by the Fed in November. The 12-month inflation reading was 2.

Treasury yields and the dollar take an extra impulse as Fed Chair Powell expresses confidence on a soft landing. The 10-year reaches 3.80%, almost erasing September losses, while the WSJ Dollar Index rises 0.

U.S. Treasury yields fell on Tuesday as investors sought safety amid rising tensions in the Middle East.The yield on the 10-year Treasury slid more than 6 basis points to 3.741%. The 2-year Treasury yield dropped over 3 basis points to trade at 3.

Treasury yields rise but remain on path for a sharp decline this quarter, a period in which the Fed turned to interest rate cuts. The CME's FedWatch tool prices odds of a 25-basis-point cut in November at 60%,