U.S. Treasury yields were slightly lower Wednesday ahead of consumer and producer price index readings for July. Market participants are closely watching the U.S. consumer price index on Thursday and the producer price index on Friday for signs of persisting inflation.
Yields and prices have an inverted relationship. One basis point equals to 0.01%.Market participants will closely watch the U.S. consumer price index on Thursday and the producer price index on Friday for signs of persisting inflation.
The CPI print is expected to show a 0.2% increase in July, according to a Dow Jones consensus estimate, but the Cleveland Federal Reserve's
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