Jamie Chisholm is a markets reporter based in London.
Bond yields rose on Wednesday, though market volatility declined as investors eyed growth and inflation data due for release in coming sessions.
Benchmark 10-year yields, which surged to a 16-year high above 5.02% on Monday, only to swiftly dive towards 4.82% after investors Bill Gross and Bill Ackman warned about the health of the U.S. economy, are holding just above their lowest levels in a week or so. Ahead of their release, markets are pricing in a 97% probability that the Fed will leave interest rates unchanged at a range of 5.25% to 5.50% after its next meeting on November 1, according to the CME FedWatch tool.
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