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: Treasury yields nudge lower and tension rises ahead of crucial CPI report

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U.S. benchmark bond yields fell on Wednesday, though trading was cautious ahead of crucial inflation data that may impact Federal Reserve thinking on the path for interest rates.

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Moves were meager and tension was high as traders waited for the U.S. consumer prices data due at 8.30am Eastern. Economists expect year-over-year inflation to hit 8.8% in June, up from 8.6% the month before.

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