The yield on the US 10-year Treasury note remained above the 4.1% threshold on Wednesday, holding the rebound from the one-year low of 3.95% late last month, as lingering concerns of stubborn inflation supported the outlook of higher rates by the Federal Reserve. The first batch of unemployment claims data published by the Department of Labor indicated some degree of stability in new unemployment levels, easing concerns of an uncontrolled weakening in the labor market suggested by private surveys. Rate futures reflected that a slight majority of the market is priced for a hold by the Federal Reserve next month, instead of the near consensus of a 25bps cut that was expected last week. Upcoming minutes from the FOMC's last meeting, which included opposing dissents, may offer hints on an increasingly fragmented Fed as policymakers' guidance indicate a wider range of appropriate monetary policy responses.