US Treasury yields rise slightly as rate-hike bets ease
In short
US Treasury yields moved a little higher after inflation data showed the Personal Consumption Expenditures Price Index rose 0.3% in August. That was softer than expected and made traders less sure about future rate hikes.
This matters for bond prices and interest-rate bets. The reporting also says the US goods trade deficit widened in August, but it does not give the amount.
What the reporting says
US Treasury yields moved slightly higher after softer-than-expected inflation data and a 0.3% August rise in the Personal Consumption Expenditures Price Index. Publisher summaries said the inflation reading eased rate-hike bets, even as the Economic Times summary also noted lower yields on 2-year and 10-year Treasuries. The reporting additionally said the US goods trade deficit widened sharply in August, but it does not give the size of the widening.
Why it matters
US Treasury yields were reported to rise slightly after softer inflation data, with the PCE price index up 0.3% in August. Publisher summaries said this eased rate-hike bets, while one summary also said 2-year and 10-year yields fell and that the US goods trade deficit widened sharply in August as imports rose. The reporting does not provide the size of the trade deficit change or a policy decision.