【U.S. PPI Data Exceeds Expectations, Traders Reduce Fed Rate Cut Bets】Jin Ten Data, August 14 - The latest U.S. PPI data was stronger than expected, prompting traders to reduce bets on a Federal Reserve rate cut next month and causing U.S. Treasury yields to decline. The two-year Treasury yield, which is most sensitive to changes in monetary policy, rose two basis points to 3.69%, reversing earlier losses. The dollar also strengthened against a basket of currencies. Interest rate swaps indicate a 90% chance of a Fed rate cut at the September meeting, while just a day earlier, the market had fully priced in a Fed rate cut in September.