US Treasuries rose for the first time in a week after lower-than-estimated producer prices data soothed fears that tariff-stoked inflation will push back Federal Reserve interest rate cuts.
Yields dipped across maturities, led by long-dated bonds with the 30-year’s dropping two basis points to around 5%. It crossed that level on Tuesday for the first time since early June.
The producer price index for June was unchanged from upwardly revised May levels, adding a new wrinkle to the inflation outlook. Traders slightly added to bets that the Fed will start to cut rates in September, with interest-rate swaps showing the ...
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