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U.S. Treasuries remain mixed as investors await July CPI data

The U.S. Treasuries remained mixed during Tuesday’s afternoon session ahead of the country’s consumer price inflation (CPI) data for the month of July, scheduled to be released today by 12:30GMT.

The yield on the benchmark 10-year Treasury yield hovered around 1.642 percent, the super-long 30-year bond yields suffered 1-1/2 basis points to 2.114 percent and the yield on the short-term 2-year traded 1 basis point higher at 1.589 percent by 12:15GMT.

The main data focus today will be July’s CPI inflation. Despite an anticipated 0.3 percent m/m pickup in prices last month, the annual CPI rate is expected to remain comfortably below 2 percent y/y at about 1.7 percent y/y, Daiwa Capital Markets reported.

And the core CPI is expected to tick up 0.2 percent m/m to leave the annual rate moving sideways at 2.1 percent y/y. This afternoon will also bring the NIFB small business survey for July, the report added.

Meanwhile, the S&P 500 Futures traded -0.22 percent lower at 2,873.88 by 12:20GMT.

By Debarati Bir
  • Market Data
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