Treasury yields mixed as investors digest inflation data

U.S. Treasury yields were mixed on Thursday as investors weighed the latest inflation data and considered the implications it may have for Federal Reserve monetary policy.Investors digested the latest inflation data, which they were hoping would provide fresh hints about the path ahead for Federal Reserve monetary policy.

The monthly decline was welcomed by investors who have been hoping that data will signal that inflation is cooling, and could move closer toward the Fed's 2% target range in the coming months, as this could mean the central bank will cut interest rates.

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