Treasury revenues steady after CPI rise
Report on the increase in U.S. inflation indicators, where the Personal Consumption Expenses (PCE) index recorded a 3.7% annual inflation rate in July, surpassing expectations of a 3.6% rise. The core index, which excludes food and energy components, also rose by 3.3% year-over-year, with monthly increases remaining steady at 0.2%. Overall inflation figures remained high, reflecting persistent price pressures, while the core data suggested that inflation was not escalating sharply, leading to stability in the bond market. Factors such as falling energy prices and Washington's support for its policies continued to mitigate risks in the U.S. debt market, with long-term Treasury yields declining.
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