US Treasury yields rose in Wednesday Asian trading but remained below Tuesday's
intraday highs after June CPI printed below market expectations, which had
pushed yields down at Tuesday's close. Jamie Cox, managing partner at Harris
Financial Group, said the report did not show runaway inflation and that the
recent inflation uptick reflected mainly higher energy prices, an effect likely
to be transient. Renewed escalation in US-Iran tensions remains a key source of
market uncertainty.
