Treasury yields fall further after cooling inflation data

Bond yields continued to decline Thursday as traders adjusted positions following news U.S. inflation is at its lowest in more than two years. Investors continue to move into bonds, pushing Treasury yields lower, amid hopes cooling inflation will allow the Federal Reserve’s monetary policy tightening to be less aggressive than feared. Data released Wednesday showed headline annual inflation of 3% in June, well below the 9.1% of a year ago. The 2-year Treasury yield, which was trading just above 5% a week ago, was 4.662% early Thursday. Markets are still...