According to CNBC, Treasury yields edged higher on Wednesday ahead of the latest producer price index (PPI) reading for June, as investors looked for further insight on the U.S. economic picture after consumer inflation data came in cooler than expected. The yield on the 10-year Treasury note rose more than 1 basis point to 4.5996%, the 2-year yield gained one basis point to 4.2039%, and the 30-year yield increased more than 1 basis point to 5.1135%. The PPI index is expected to have held steady in June, according to consensus forecasts, after rising 1.1% the previous month. The core number, which strips out food and energy costs, is expected to have risen 0.3%, following a 0.4% increase previously. Bond yields eased on Tuesday after the consumer price index fell 0.4% in June, bringing its year-on-year increase to 3.5%, which pushed expectations for a July rate hike by the Federal Reserve lower. Meghan Shue, chief investment strategist at Wilmington Trust, said core inflation continues to indicate that higher energy prices have not passed through materially to inflation, while tariff headwinds continue to fade, adding that continued disinflation should allow the Fed to cut rates by the end of the year.