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The U.S. Treasuries remained mixed during Tuesday’s afternoon session ahead of the country’s consumer price inflation (CPI) data for the month of July, scheduled to be released today by 12:30GMT.
The yield on the benchmark 10-year Treasury yield hovered around 1.642 percent, the super-long 30-year bond yields suffered 1-1/2 basis points to 2.114 percent and the yield on the short-term 2-year traded 1 basis point higher at 1.589 percent by 12:15GMT.
The main data focus today will be July’s CPI inflation. Despite an anticipated 0.3 percent m/m pickup in prices last month, the annual CPI rate is expected to remain comfortably below 2 percent y/y at about 1.7 percent y/y, Daiwa Capital Markets reported.
And the core CPI is expected to tick up 0.2 percent m/m to leave the annual rate moving sideways at 2.1 percent y/y. This afternoon will also bring the NIFB small business survey for July, the report added.
Meanwhile, the S&P 500 Futures traded -0.22 percent lower at 2,873.88 by 12:20GMT.
