Treasury Yields Rise as Wall Street Expects Stable Inflation Data
Dow Jones08-10 20:49
0849 ET - Treasury yields rise ahead of U.S. inflation data due later this week and following July's unexpected negative payroll numbers. Iran makes tough demands to reopen Hormuz, pushing oil futures up 1.5%. Economists surveyed by WSJ expect July's 12-month CPI inflation to cool slightly to 3.4% from 3.5%, with core slowing to 2.5% from 2.6%. Odds of a September hike fall to 46% from 67% a week ago, as the Fed is now expected to hold, according to CME data. The WSJ Dollar Index rises 0.2% as the greenback strengthens 0.6% against the yen. The 10-year yield is at 4.662%, up from Friday's settle of 4.657%. The two-year rises to 4.222% from 4.203%.
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