The US 10-year Treasury yield was little changed around 4.88% on Tuesday, remaining near a two-month low as investors awaited October consumer-price data. Headline and core inflation are expected to ease as energy prices stabilize, although Richmond Fed President Tom Barkin said the Federal Reserve should adjust policy with care because persistent inflation remains its primary concern. Markets were pricing an 84% probability of a December Fed rate hike, up from about 74% a week earlier after stronger-than-expected employment data; an earlier account put the probability at 85%. Falling oil prices and optimism over a potential US-Iran peace agreement helped ease inflation concerns and encouraged risk appetite. President Donald Trump said after discussions with Qatar’s prime minister that the conflict in Iran was nearing an end. The dollar had stabilized after recent volatility, while the Australian dollar, New Zealand dollar and euro had gained, sterling held near $1.3441 and the yen traded at 157.97 per dollar. Traders also weighed Japan’s sales of $97 billion in reserves through late July and August, the Bank of England’s first rate increase in three years, and possible longer-term constraints on US growth and the dollar from turbulence in artificial-intelligence stocks and tighter regulation.