Bond Yields Largely Steady After July CPI

Dow Jones
08/12

0901 ET - Treasury yields hold mostly steady after July CPI comes in as expected. Consumer prices increased 3.4% year-over-year, down from 3.5% in June and in line with economists' views. The 2-year yield is at 4.178%, down slightly from 4.184% before the report's release. The 10-year yield is at 4.655%, up slightly from 4.648%. More data on price pressures will be available tomorrow from the PPI report, another inflation measure that feeds into the Fed's preferred inflation measure, PCE.

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