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U.S. Treasuries jump ahead of July CPI amid host of other 3-tier economic data

The U.S. Treasuries jumped during Monday’s afternoon session ahead of the country’s consumer price inflation (CPI) data for the month of July, scheduled to be released on August 13 by 12:30GMT. Also, a host of other 3-tier economic data, due for release by end of this week will be carefully eyed for further direction in the debt market.

The yield on the benchmark 10-year Treasury yield slumped 4-1/2 basis points to 1.690 percent, the super-long 30-year bond yields also plunged 4-1/2 basis points to 2.201 percent and the yield on the short-term 2-year traded nearly 4 basis points down at 1.592 percent by 11:55GMT.

The main US data focus in the first half of the week will be July’s CPI inflation release tomorrow. Despite an anticipated pickup in prices last month, the annual CPI rate is expected to remain comfortably below 2 percent y/y, Daiwa Capital Markets reported.

And the core CPI rate is expected to move sideways at 2.1 percent y/y. A data-packed Thursday will also bring some key releases including industrial production and retail sales figures for July, Q3 productivity and labour costs data, the Philly Fed, Empire Manufacturing and NAHB housing market indices for August and business inventories numbers for June, the report added.

Meanwhile, the S&P 500 Futures traded -0.58 percent lower at 2,902.88 by 12:00GMT.

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