Treasury yields dip as Wall Street awaits wholesale inflation data

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U.S. Treasury yields fell early Thursday as Wall Street awaited the release of July producer price index data. The 10-year Treasury note yield declined over one basis point to 4.674%, while the 2-year note yield dropped more than two basis points to 4.176%. July’s consumer price index rose 0.1% month over month, matching expectations, leading traders to scale back bets on a Federal Reserve rate hike in September.

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