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Treasury yields fall before inflation report
U.S. Treasury yields declined today, Tuesday, as the market awaited the upcoming consumer price index (CPI) data. This comes after strong employment figures and expectations of a potential interest rate hike by December. Economists anticipate the CPI to show a slowdown in monthly inflation pressures, with annual inflation rising to 4.2% and core inflation to 2.9%. Markets were also influenced by global events such as the conflict with Iran, where the announcement of an American helicopter being shot down caused a temporary fluctuation in yields.
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