10-year Treasury yield falls after inflation data

Wednesday, 11. August 2021 15:07

The yield on the benchmark US 10-year Treasury yield fell on Wednesday following the release of the latest consumer price index report for the United States.

According to the July inflation report from the US Labor Department, consumer prices rose 5.4% on an annual basis. However, Federal Reserve officials continue to expect recent inflationary pressures will subside.

After steadily rising prior to the new data to reach 1.369%, the yield on the 10-year Treasury note was down by less than a basis point to 1.352% at 9:00 am ET.

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Author:
Breaking the News / JC