10-year Treasury yield drops to 4.55% after cooler June CPI
What's new: Traders cut the odds of a July Fed rate hike to 17% from 42%, though September tightening is still seen as more likely.
Bloomberg, CNBC
What's new: Traders cut the odds of a July Fed rate hike to 17% from 42%, though September tightening is still seen as more likely.
Analysts say strong U.S. labor data has shifted expectations toward another Fed rate hike, weighing on risk appetite.