U.S. Treasury yields rise slightly ahead of inflation data
U.S. Treasury bond market data showed a slight correlation between yields as investors wait for the July inflation data to be released. The yield on the 10-year Treasury rose to 4.666%, while the 30-year yield declined to 5.209%. The two-year Treasury yield also increased to 4.226%. It appears that the weak non-farm payroll report has led to a reduced likelihood of an interest rate hike by the Federal Reserve, with the chance of a rate increase in September falling to around 46% from 67% a week ago. Investors are awaiting the inflation data scheduled for Wednesday, which could influence upcoming monetary policy decisions.
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