Daily Market Commentary

July 11, 2019

Treasuries are mixed as U.S. trading gets underway Thursday, with yields lower at front end of the curve and higher at long end, in an extension of Wednesday's curve steepening.

A key measure of U.S. consumer prices rose more than forecast in June, potentially complicating the Federal Reserve's assessment of inflation as policy makers weigh an interest-rate cut as soon as this month.

European Central Bank policy makers were united in June on the plan to stand ready to provide more stimulus to the euro-area economy, a move that could be followed by interest-rate cuts as soon as this month.

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