Treasury Yields Slip as U.S. Inflation Meets Expectations
Dow Jones
Aug 13
1552 ET - Treasury yields fall slightly as July inflation meets forecast, reducing odds of a Fed increase in September. Core annual CPI edges closer to the Fed's 2% target, printing at 2.5%. Analysts diverge on the effects of monetary policy, with some warning an August spike in fuel prices could revive hawkish expectations. WSJ consensus for PPI, due tomorrow, points to an acceleration of producer-price increases. Jobless claims are forecast to rise to 204,000 from 199,000. Demand in a 10-year auction is steady, with high yield clearing at 4.683%. The benchmark settles down by just 0.001 percentage point, at 4.682%. The two-year slips 0.019 p.p., to 4.198%.
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