US yields dip after volatile week, traders eye inflation data
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US Treasury yields fell after a volatile week driven by concerns about the US economic outlook; Investors turned to key inflation data for clues about the potential size of an expected September rate cut; Yields have regained ground after a dramatic bond rally sent them to more than one-year lows on Monday; A bigger-than-expected drop in jobless claims on Thursday eased worries about an imminent US recession; Consumer price data on Wednesday is expected to show inflation continuing to edge down closer to the Fed's 2% annual target; Fed policymakers are increasingly confident that inflation is cooling enough to allow interest-rate cuts; The odds of the Fed cutting interest rates by 50 basis points in its next policy meeting is now seen at 55%; Yields on interest rate-sensitive two-year notes were last down 1.6 bps at 4.028%; Benchmark 10-year note yields fell 6.5 bps to 3.932%; The yield curve between two- and 10-year Treasury notes flattened 5 bps to -10 bps
#UsTreasuryYields #InflationData #InterestrateCuts
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