Japan 10-year government bond yield fell 5bp to 2.945%.

On Oct 14 the Dalian Commodity Exchange said it will focus on agricultural, chemical and steel feedstock sectors to expand its product range and accelerate development and listing of recycled steel raw materials, sulfur and other contracts to broaden trading tools that meet market demand.

September CPI YoY rose 3.7% and core CPI YoY 2.6%, well above the Fed's 2% target. Strong consumer spending, supported by low unemployment and higher equity prices, has helped firms pass rising costs to households. Regions Financial chief economist Richard Moody said supply-side shocks — including a Strait of Hormuz closure, tariffs and sectoral labor shortages — are the principal drivers, and added, "Ultimately, it's a supply-side problem."