Long-Dated German Government-Bond Yields Could Rise Further
0708 GMT – U.S. Treasury yields remain lower as a Federal Reserve interest-rate cut in September looks much more likely after Tuesday's headline U.S. inflation data came in slightly below expectations. Investors were relieved that the data didn't show tariffs having a big impact on prices. U.S. money markets are now pricing in a 98% chance of a September rate cut, up from around 88% on Tuesday. Short-dated yields fell the most, causing the yield curve—the gap between short-dated and long-dated yields—to steepen on Tuesday. U.S. 10-year Treasury yields are last down 2 basis points at 4.273%, Tradeweb data show. (jessica.fleetham@wsj.com)
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