The yield on U.S. Treasury bonds falls, CPI data contrary to economists' expectations

Analyst Chris Anstey stated that the yield on U.S. Treasury bonds is rapidly declining. The two-year U.S. Treasury bond fell 3 basis points from a rise of 4 basis points on the day. A weaker than expected CPI is good news, especially as economists have been warning that seasonal adjustments could make today's data hotter than expected.