@Binance News U.S. Treasury Yields Drop as Inflation Meets Expectations

AI Summary

According to PANews, U.S. Treasury prices rose while the dollar weakened against a basket of currencies following inflation data that aligned with expectations. This development has led traders to increase their anticipation of a rate cut in September. After the release of the Consumer Price Index (CPI) data, yields on Treasury bonds across various maturities fell significantly, with the two-year Treasury yield dropping by 6 basis points to 3.71%. Traders are now heavily betting on a Federal Reserve rate cut, with more than an 80% probability of a 25 basis point reduction at the Federal Reserve's meeting on September 17.