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Treasury yields slide after July CPI report - TL;DR CNBC

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

Tickers: US10YUS2Y

Keywords: patrick harkerinflationeconomic outlooktreasury notespricesbusiness newstreasury billsmarketsinterest ratesgovernment debtmedium term notesbreaking news: marketsbondsunited statesfederal reserve banku.s. 2 year treasuryu.s. treasury bondseconomic eventsu.s. 10 year treasuryu.s. economyjerome powell

Source: https://www.cnbc.com/2023/08/10/10-year-treasury-yield-nudges-higher-ahead-of-inflation-data.html


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