10-Year US Treasury Yields Decline After Weaker-Than-Expected Inflation Data

The yield on the US 10-year Treasury note decreased to 4.59% on July 14, a drop of 0.03 percentage points from the previous session. This market reaction was directly influenced by the June CPI report, which showed softer-than-expected inflation. Investors subsequently adjusted their expectations for further Federal Reserve interest rate hikes this year.