Lates News

The US Treasury bond yield rose during the Asian trading session on Wednesday but remained below Tuesday's intraday high. Earlier, the lower-than-expected US CPI for June caused US bond yields to fall in the last trading session. Jamie Cox, managing partner at Harris Financial Group, stated in a report, "If you were expecting this report to show runaway inflation, that's not the case. It's clear that the recent rise in inflation is mainly due to higher energy prices and this effect is not likely to last long." At the same time, the uncertainty brought by the escalating tensions between the US and Iran remains an important factor that the market needs to watch out for.