Treasury yields are mixed following lower-than-expected inflation - CNBC
Treasury yields dipped Wednesday following a cooler-than-expected inflation reading released Tuesday.
The 10-year yield fell to 1.277% on Tuesday, after August's consumer price index increased by 5.3% year-on-year, below a forecast of 5.4%.Willem Sels, chief investment officer, private banking and wealth management at HSBC, said on Tuesday that the data should "provide some comfort that inflation does not seem to be accelerating any further, and that the Fed can therefore take a gradual approach to policy normalization and tapering.".In terms of economic data due out on Wednesday, August's import and export prices are set to be released at 8:30 a.m?