Yields Hit Lowest Since May

On Thursday, the yields on two-year and five-year US Treasury bonds experienced a significant decline, marking their lowest levels since May. This movement comes as investors eagerly await the release of new producer inflation figures, scheduled before the US markets open.

Market Reaction to Inflation Data

Market participants are also digesting the latest consumer inflation data, which revealed that annual inflation remained steady at 2.7% in July. This stability has somewhat alleviated concerns regarding the potential economic impact of global tariffs.

Detailed Yield Changes

At 8:14 am ET, the two-year yield saw a decrease of 2.5 basis points to 3.662%, while the five-year Treasury yield dropped by 3.5 basis points to 3.737%. Shortly after, the 10-year note's yield fell by 3.1 basis points to 4.209%, and the 30-year yield decreased by 2.2 basis points to 4.801%.