Treasury Yields, Dollar Recover Partially from Morning Declines
Dow Jones
Aug 13
1347 ET - Treasury yields partially recover from morning declines triggered by lukewarm July inflation, while the dollar strengthens. A Treasury auction of 10-year notes shows signs of steady demand. Middle East tensions remain high, but oil prices ease amid an unexpected build in U.S. crude stockpiles. Annual July CPI inflation meets forecast at 3.4%, driving odds of a September Fed hike down to 38% from 48% yesterday, according to CME. The WSJ Dollar Index rises 0.1%, reversing its morning losses. The 10-year yield rises to 4.668% from an intraday low of 4.652%.
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