U.S. Treasury yields fall again as inflation relief takes hold

U.S. Treasury yields fell further on Thursday, with two-year yields falling to their lowest level in over two weeks, as further signs that inflation is cooling was met with relief across bond markets, Reuters reported.

The two-year Treasury yield fell over 8 basis points to as low as 4.654%, extending falls seen on Wednesday after data showed U.S. consumer prices registered their smallest annual increase in more than two years in June.

Ten-year U.S. bond yields fell for a fourth straight day, dropping to 3.816%, their lowest in over a week.