U.K., Eurozone Bond Yields Extend Fall After U.S. CPI Data
Dow Jones
Aug 12
1304 GMT - Yields on U.K. and eurozone government bonds fall further after the release of the U.S. inflation data for July. Annual headline inflation decelerated to 3.4% in July from 3.5% in June, in line with the consensus forecast by economists in a WSJ poll. Annual core inflation eased to 2.5% from 2.6% in June. The data has led investors to lower their expectations of the U.S. Federal Reserve raising interest rates in September, causing bond yields to fall. Ten-year gilt yields last trade at 4.940%, down from 4.947% prior to the data release, Tradeweb data show. Ten-year Bund yields are down 1.2 basis points on the day to last trade at 3.136%.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.