Financial Markets Remain Flat with Risk-Off Sentiment Prevailing

The financial markets experienced a relatively flat trading session, with a hint of risk-off sentiment prevailing. The upcoming CPI report and FOMC meeting are expected to increase volatility levels. The focus is on the 10-year Treasury auction following a surge in the 10-year yield. Crude oil prices rising by almost 4% in a single day have added upward pressure on rates, creating a complex landscape for investors and traders.