The 10-year was slightly higher Thursday ahead of July's consumer price index release.
was slightly higher early Thursday, ahead of the latest figures on consumer price inflation due later in the day.nudged 1 basis point higher to 4.812%.A slowdown in U.S. inflation is expected, with the Dow Jones consensus estimate forecasting a 0.2% rate for July and a 12-month rate of 3.3%.
Investors will be parsing the consumer price index report for details on core inflation, and the trajectory of components including shelter, health care, energy and food. The U.S. producer price index is out Friday. Markets are largely betting the Federal Reserve will hold rates steady at its next meeting on Sept. 20. But some people, including Federal Reserve Bank Governor Michelle Bowman,The Treasury will auction $23 billion in 30-year bonds on Thursday, after seeing solid demand for 10-year and 3-year sales on Wednesday and Tuesday, respectively.
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