U.S. Treasury yields were mostly lower on Thursday after June's inflation print came in cooler than expected , reducing the likelihood of more aggressive interest rate hikes from the Federal Reserve .
The yield on the benchmark 10-year Treasury note slid 2 basis points to 3.8417% while the yield on the 2-year fell more than 5 basis points to 4.6872%, and the 5-year yield dropped more than 4 basis points to 4.0277%.
At the longer end of the curve, the yield on the 30-year Treasury bond was fractionally higher at 3.9529%.
The results could heavily influence the trajectory of the Fed's monetary policy decisions and signal the road ahead for inflation.
Auctions will be held Thursday for $70 billion of 4-week Treasury bills and $60 billion of 8-week bills, along with $18 billion of 30-year bonds.
Persons:
Steve Hanke, CNBC's
Organizations:
Treasury, Federal Reserve
Locations:
United States