Two-Year Treasury Yields Move 3 Basis Points on Average After Inflation Reports, Julius Baer Says

Julius Baer analysts said two-year U.S. Treasury yields moved an average of 3 basis points across the past 12 inflation report release days. According to NS3.AI, Afonso Borges said the market reaction following the U.S. May CPI report was more subdued than the move after last Friday's stronger-than-expected employment report.