Bond Yields Fall As Market Continues To Mull Inflation Data

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Bond Yields Fall As Market Continues To Mull Inflation Data

Treasury 10-year yield deepens its fall to 1.592% from 1.605% earlier today. Spartan’s Peter Cardillo says there’s no clear trigger, except for investors adjusting to recent inflation readings showing fast price increases. “I don’t see any change in thinking from a fundamental view point,” he says. “It’s technical as yields failed to move beyond their 52 week high on the last hefty inflation data.” Cardillo expects yields to “find support around slightly lower levels.”