6/30, 4:49 PM (Source: TeleTrader)
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US Treasury yields fall after PCE report

United States Treasury yields fell on Thursday after the country's Bureau of Economic Analysis revealed that the core personal consumption expenditures price index rose 4.7% in May, which was less than the analysts' expected.

The figure affects the Federal Reserve's decisions on monetary policy, as the bank considers it as its main inflation indicator.

After briefly falling under 3%, the lowest since June 10, the return on the 10-year Treasury note declined 8.9 basis points to 3.004% at 10:48 am ET. At the same time, the yield on the two-year note decreased 8.3 basis points to 2.97%, while the return on the 30-year bond contracted by 7.1 basis points to 3.141% at 10:48 am ET.

Baha Breaking News (BBN) / AY