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Week ahead: October CPI without an annual rate, KKR and Brookfield

October CPI lands Tuesday with no 12-month headline rate, while KKR and Brookfield report and Treasury sells $125 billion of debt.

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The October consumer price index, due from the Bureau of Labor Statistics at 8:30 a.m. ET on Tuesday, Nov. 10, is the main scheduled event of a holiday-shortened week for bonds. The report will show monthly price changes but no 12-month rate for overall or core inflation, because the 2025 government shutdown left the agency without October 2025 prices to compare against, according to StockTitan and FinancialJuice.

Why it matters: Interest rates set the cost of borrowing for private credit, real estate and buyout funds, and the inflation data arrive as futures traders lean toward a Federal Reserve rate increase at the Dec. 8-9 meeting, according to FXEmpire and a Yardeni Research week-ahead note. Two of the largest listed private-markets firms, KKR and Brookfield Corporation, also report quarterly results.

The calendar

DayTime (ET)EventWhy it matters
Mon., Nov. 9Before open; call 10:00 a.m.KKR third-quarter resultsFundraising and deal pace at a top alternatives firm
Mon., Nov. 98:40 a.m.Fed Vice Chair for Supervision Michelle Bowman on community bankingBank rules and lending
Mon., Nov. 91:00 p.m.$58 billion 3-year Treasury note auctionDemand for short-term government debt
Tue., Nov. 108:30 a.m.October CPIInflation and the path of rates
Tue., Nov. 101:00 p.m.$42 billion 10-year Treasury note auctionLong-term borrowing costs
Tue., Nov. 103:30 p.m.Bowman speech on the economic outlookFed policy signals
Tue., Nov. 10Call 5:00 p.m.CoreWeave third-quarter resultsSpending on AI data centers
Wed., Nov. 11All dayVeterans Day: bond market closed, stocks openThin trading in rates
Thu., Nov. 12Before open; call 10:00 a.m.Brookfield Corporation third-quarter resultsReal assets and private credit
Thu., Nov. 128:30 a.m.Weekly jobless claimsLabor-market health
Thu., Nov. 1210:00 a.m.October existing-home salesHousing demand
Thu., Nov. 121:00 p.m.$25 billion 30-year Treasury bond auctionAppetite for long-dated debt
Thu., Nov. 12Call 4:30 p.m.Cisco and Applied Materials resultsTech and chip spending
Fri., Nov. 138:30 a.m.October PPIWholesale inflation

The three coupon auctions make up the $125 billion November refunding announced by the Treasury Department on Nov. 4. Fed Governor Christopher Waller is also scheduled to speak on the economic outlook at a Bank of England conference in London on Tuesday at 4:00 a.m. ET, according to the Federal Reserve Board calendar. The Yardeni note counts 10 Fed officials on the week's speaking schedule.

What forecasters expect from CPI

RBC Economics expects headline and core prices each rose 0.3% in October from September, while the Cleveland Fed's inflation nowcast model points to gains of 0.24% for the headline index and 0.21% for core, StockTitan reported. The same report noted that some categories with October 2025 data, such as gasoline and used cars, will still show 12-month changes. The October producer price index follows on Friday at 8:30 a.m., per the BLS release schedule.

Last week in private-fund filings

AltMountain's listings of SEC Form D filings show 372 new funds filed in the seven days through Nov. 6 with a first sale in the prior 30 days. Of those, 133 were standalone funds; the rest were deal-by-deal series or special purpose vehicles.

New standalone funds filed with the SEC last week, by type
Real estate46 fundsOther private funds36 fundsVenture capital26 fundsPrivate equity18 fundsHedge funds6 fundsOil and gas1 funds
Show data
New standalone funds filed with the SEC last week, by typeValue (funds)
Real estate46
Other private funds36
Venture capital26
Private equity18
Hedge funds6
Oil and gas1
Chart: AltMountain · Source: SEC Form D filings

"Raised" is cumulative sales reported on Form D, not assets under management or performance.

What to watch for private funds

Rates and credit. Private credit funds hold mostly floating-rate loans, so the Fed's next move feeds directly into the income their borrowers pay. The CPI and PPI reports, together with demand at the 10-year and 30-year auctions, will shape the Treasury yields that real estate sponsors use to price mortgages and acquisitions.

Alternative managers report. KKR on Monday and Brookfield on Thursday will update investors on fundraising, deployment and realizations. Listed managers' commentary is one of the few regular public windows into private equity, infrastructure and private credit activity between quarterly letters to limited partners.

AI and the exit window. CoreWeave, Cisco and Applied Materials report on AI infrastructure and chip spending, themes behind many recent venture capital and growth deals. Public valuations in those sectors influence how private holdings are marked and when sponsors choose to take companies public.

This is news, not investment advice.

Related on AltMountain

Sources

Information only. AltMountain reports public SEC filings. Nothing here is an offer, solicitation or recommendation of any security or fund, and AltMountain has not reviewed any fund mentioned. Form D data is self-reported and not verified by the SEC. Disclosures

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