US Treasury yields steady before inflation data
U.S. Treasury bond yields settled before the release of upcoming inflation data, as investors await July's core inflation index figures and housing sales data, amid concerns over escalating tensions in the Middle East and their potential impact on financial markets. The yields on ten-year bonds rose to 4.701%, while two-year bond yields declined to 4.23%, and thirty-year bond yields increased to 5.25%. Additionally, hopes for reaching an agreement to end the conflict in the region diminished after statements from Trump regarding Iran's demands, leading oil prices to rise to around $82 per barrel for West Texas Intermediate and $88 for Brent.
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