Treasury Yields Fall as U.S. Data Support Fed Hold
Dow Jones08-13
0859 ET - Treasury yields edge lower as U.S. data support the case for another hold, rather than a hike, by the Fed. Wholesale inflation is slower than expected, with July PPI flat versus the +0.2% WSJ consensus forecast. Weekly jobless claims rise to 209,000 from an upwardly revised 200,000, while economists surveyed by WSJ forecast 204,000. The numbers come on top of a moderate July CPI, backing up the notion that the Fed could hold again in September. The yield decline intensifies after the data. The 10-year is at 4.661%, down from yesterday's settle of 4.682%. The two-year falls to 4.165% from 4.198%.
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