The yield on U.S. Treasury bonds falls, CPI data contrary to economists' expectations
Analyst Chris Anstey stated that the yield on U.S. Treasury bonds is rapidly declining. The two-year U.S. Treasury bond fell 3 basis points from a rise of 4 basis points on the day. A weaker than expected CPI is good news, especially as economists have been warning that seasonal adjustments could make today's data hotter than expected.
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