Treasury yields slide after July CPI report
Publishing timestamp: 2023-08-10 08:57:34
Summary
The article discusses how U.S. Treasury yields moved lower as the July consumer price index report indicated that inflation is abating. The report showed that prices rose 3.2% year over year, slightly below economists' forecast. The article also mentions that the case is building for the Federal Reserve to keep policy rates unchanged in September and that the market is largely betting on the Fed holding rates steady. The article concludes by mentioning that the Treasury will auction $23 billion in 30-year bonds.
Sentiment: NEUTRAL
Keywords: patrick harker, inflation, economic outlook, treasury notes, prices, business news, treasury bills, markets, interest rates, government debt, medium term notes, breaking news: markets, bonds, united states, federal reserve bank, u.s. 2 year treasury, u.s. treasury bonds, economic events, u.s. 10 year treasury, u.s. economy, jerome powell,
Source: https://www.cnbc.com/2023/08/10/10-year-treasury-yield-nudges-higher-ahead-of-inflation-data.html