was 0.2% last month, the same as a month earlier, and the details were encouraging - with core goods inflation slowing down and only rents proving stubbornly sticky.told Yahoo Finance that while this was welcome, there "is still more work to do" for policymakers.
Benchmark 10-year Treasuries initially rallied on the inflation headlines, but yields were seven basis points higher at 4.11% by the close of trade in New York. Two-year yields rose two bps to 4.82%. Australian government bonds came under pressure in Asia on Friday, though outgoing Australian central bank chief Philip Lowe told lawmakers the worst was over for inflation and policy has now entered a ""The U.S. and Australia pretty much have done their job to subdue their inflation," said Nozomu Ogawa, executive director, fixed income sales at Daiwa Capital Markets in Sydney.
The euro is down marginally for the week at $1.0988. The yen was eyeing a weekly loss of 2% as traders judged the Bank of Japan's looser limit on 10-year yields as buying time for shorter-dated rates to stay low.
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