U.S. Treasury yields fall ahead of inflation report
U.S. Treasury bond yields declined today, Tuesday, as traders awaited May inflation data, which is expected to show a slowdown in monthly inflation pressures while annual inflation rose to 4.2%. This led to a drop in the yields of two-year bonds, which follow interest rate expectations, by 3.1 basis points to 4.127%. Additionally, ongoing tensions over Iran's downing of an American helicopter contributed to some market volatility.
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