Review & Preview: Inflation Yawner?

A cooler-than-expected inflation report left stocks flat on the day, but pushed Treasury yields lower as investors priced in the possibility of more rate cuts in the months to come. The 2-year and 10-year Treasury bonds were each down roughly five basis points on the day, or 0.05 percentage points. Over the last two days the two- and 10-year yields have dropped 10 and 12 basis points, respectively.