Source: US Dept. of Treasury End of Day
• Yields fell slightly over the week with the two-year Treasury note decreasing by one basis point to 4.06% while the five-year note fell by four basis points to 3.76%.
• Headline CPI advanced by a monthly 0.2% in July and 2.9% over the past 12 months while core CPI advanced by a respective 0.2% and 3.2% as the disinflationary trend remains intact.
• Consumption remained buoyant in July as retail sales exceeded expectations, advancing by 1.0% compared to an expected 0.4%.
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