Business & Finance

Yields rise as consumer prices post above-forecast gain

Published July 16, 2013 Updated July 16, 2013 12:59pm

1 min

By Imad Uddin

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NEW YORK: US Treasuries on Tuesday erased their earlier price gains and yields rose after data showed that Consumer Price Index (CPI) rose by 0.5 percent in June, more than was expected by economists.

Benchmark 10-year notes were last unchanged in price to yield 2.55 percent, after earlier falling to 2.51 percent.

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