U.S. Treasury yields remained under pressure on Friday weighed by the lower-than-expected U.S. inflation data and the escalating geopolitical tension between the U.S. and North Korea.
In a tweet on Friday, US President Donald Trump said that military solutions were fully in place, should North Korea act unwisely, keeping the demand for safe-havens like the U.S. Treasury bonds high.
On the other hand, according to today's data, the CPI in the U.S. advanced by 0.1% in July after staying steady in June while the core CPI, which strips out the volatile food and energy prices, also rose 0.1%. Commenting on the data, "today's report doesn't fundamentally change the 'wait-and-see' approach at the Fed, who expect some additional soft prints before a projected rebound," TD Securities told Reuters in a research note.
After sliding to a fresh 6-week low at 2.182%, the 10-year T-bond yield recovered moderately and is now at 2.194%, losing 0.75% on the day. The 2-year reference is at 1.298%, down 2.75%, while the 30-year reference is virtually unchanged at 2.793%.
- US: CPI for all urban consumers rose 0.1% in July on a seasonally adjusted basis
- US: Real average hourly earnings for all employees increased 0.2% from June to July
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.