US 10-Year Treasury Yields Edges Lower After PPI

2026-07-15 12:51 By Joana Taborda 1 min. read

The yield on the US 10-year Treasury note edged down to 4.55% on Wednesday after a softer-than-expected producer price report provided fresh evidence of easing inflationary pressures.

Producer prices unexpectedly fell 0.3% in June, compared with expectations for no change, while both the annual headline and core measures also came in below forecasts.

The report followed Tuesday's softer-than-expected CPI data, reinforcing signs of moderating inflation.

Also, NY Fed President Williams said that while inflation “is unquestionably too high, there are encouraging reasons to expect that inflation has peaked”.

Meanwhile, Fed Chair Warsh reiterated the central bank's commitment to restoring price stability during his congressional testimony but stopped short of signaling a more hawkish policy stance.

Markets are pricing in roughly a 49% probability of a Fed rate hike in September, below 70% last week.



News Stream
US 10-Year Treasury Yields Edges Lower After PPI
The yield on the US 10-year Treasury note edged down to 4.55% on Wednesday after a softer-than-expected producer price report provided fresh evidence of easing inflationary pressures. Producer prices unexpectedly fell 0.3% in June, compared with expectations for no change, while both the annual headline and core measures also came in below forecasts. The report followed Tuesday's softer-than-expected CPI data, reinforcing signs of moderating inflation. Also, NY Fed President Williams said that while inflation “is unquestionably too high, there are encouraging reasons to expect that inflation has peaked”. Meanwhile, Fed Chair Warsh reiterated the central bank's commitment to restoring price stability during his congressional testimony but stopped short of signaling a more hawkish policy stance. Markets are pricing in roughly a 49% probability of a Fed rate hike in September, below 70% last week.
2026-07-15
US 10-Year Yield Holds Decline
The yield on the US 10-year Treasury note hovered around 4.59% on Wednesday after softer-than-expected US inflation data eased concerns about imminent Federal Reserve interest rate hikes. The annual US inflation rate eased to 3.5% in June from 4.2% in May, coming in below forecasts of 3.8% as lower oil prices helped moderate energy inflation. Consumer prices also fell 0.4% from the previous month, marking the first monthly decline since 2020. Meanwhile, Fed Chair Kevin Warsh reiterated the central bank’s commitment to restoring price stability during congressional testimony on Tuesday but stopped short of signaling a more hawkish policy stance. Markets continue to price in roughly a 50% chance of a Fed rate hike in September, as renewed tensions between the US and Iran lifted oil prices and kept inflationary pressures in focus.
2026-07-15
Treasury Yields Fall Sharply after CPI
The yield on the US 10-year Treasury note fell about 6 basis points to 4.57% on Tuesday, retreating from the two-month high of 4.62% reached in the previous session, as a softer-than-expected CPI report prompted investors to scale back bets on Fed tightening this year. Both headline and core inflation came in below forecasts, at 3.5% and 2.6%, respectively. Meanwhile, the CPI fell 0.4% from May, as the ceasefire between the US and Iran weighed on oil prices and eased inflationary pressures. Core CPI was unchanged from the previous month. Following the data release, traders priced in a nearly 60% probability of a Fed rate hike in September, down from around 70% the previous day. Meanwhile, the yield on two-year Treasuries which are sensitive to the near-term outlook for Fed monetary policy, fell as much as 14bps to 4.14% and was headed for its biggest one-day decline since February
2026-07-14