U.S. Treasury yields dip, with 10-year note falling over one basis point to 4.674%, as Wall Street awaits wholesale inflation data
The 2-year Treasury note yield fell over 2 basis points to 4.176%, and the 30-year Treasury bond yield fell one basis point to 5.236%. Investors are digesting July's inflation print and looking ahead to the U.S. producer price index (PPI) for July, set for release Thursday at 8:30 a.m. ET. Economists polled by Dow Jones expect a 0.2% increase from the prior month. Goldman Sachs noted that most FOMC voters would likely find the expected July inflation numbers acceptable and would want to see August CPI and PPI before deciding on a September hike.
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