Headline U.S. CPI was 0.2 percent 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.
Benchmark 10-year Treasuries initially rallied on the inflation headlines, but yields were seven basis points higher at 4.11 percent by the close of trade in New York. Two-year yields rose two bps to 4.82 percent. The July U.S. budget deficit also came in at $221 billion, more than double market expectations, to take the year-to-date deficit beyond $1.6 trillion – compared with less than half of that a year earlier – and the momentum foreshadows more borrowing.In foreign exchange markets, choppy trade in the wake of the inflation data release left the dollar on course for a weekly gain as traders figured that one certainty is that U.S. rates will not be going down for a while.
المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين
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