Lates News

Core CPI in the United States rose 0.2% month-on-month in May, lower than the market expectation of 0.3%. U.S. Treasury bonds slightly strengthened as bond traders maintained bets on the Federal Reserve raising interest rates before the end of the year. The data is seen as relieving some pressure on the Fed before Kevin Warsh, who will be chairing the meeting for the first time as Fed chairman next week. Following the CPI release, most U.S. Treasury bond yields fell by less than 1 basis point. The two-year Treasury bond yield, which is more sensitive to short-term changes in monetary policy, was reported at 4.11%, lower than around 4.13% earlier in the session. Dan Carter, senior investment portfolio manager at Washington Fortress Investment Advisors, said, "This gives the Fed a little breathing room."