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.
Sverige Senaste nytt, Sverige Rubriker
Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.
Källa: rapplerdotcom - 🏆 4. / 86 Läs mer »