U.S. Treasury yields fell on Monday after a few key reports signaled that high inflation may be cooling off.
was down 56 basis points to 2.586%. The 30-year yield slipped 59 basis points to 2.921%. Yields are inverse to price and a basis point is one-hundredth of a percent.fell slightly to 2.892, meaning the closely watched 2-year/10-year yield curve remains inverted, a situation often interpreted as a sign of impending recession.
The dip in bonds came after the ISM manufacturing report for July showed an a sharper-than-expected decline in prices paid. The measure can be seen as a sign that inflation could decline in the coming months.
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