Treasury Yields Extend Decline as Odds of Fed Hike Fall
Dow Jones
1 hour ago
0925 ET - Treasury yields are on pace for a second consecutive daily decline, as markets trim odds of an interest rate increase this month to 50% from 63%. The drop in yields happens even as the factors driving them to recent highs remain in place. Crude futures rise 1%, with Brent reaching $96, keeping inflation fears alive. The U.S. trade deficit widens less than forecast in July, to $88.6 billion. Weekly jobless claims are little changed, at 206,000. The WSJ Dollar Index falls 0.5% as the greenback weakens 2% against the yen amid intervention chatter. The 10-year yield drops to 4.744% from 4.781% overnight. The two-year slips to 4.317% from 4.376%.
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