1547 ET - Treasury yields keep falling as U.S. inflation moderates while the U.S.-Iran standoff continues. Odds of a Fed hike in September slip to 35% from 41% yesterday, according to CME, as markets increasingly bet on another hold. A 30-year Treasury auction has a high yield of 5.216%, the highest since 2001, though it was similar to current market pricing, indicating steady demand. The yield settles down 0.034 percentage point, at 5.212%. The University of Michigan consumer sentiment index is expected to edge higher to 54.5 from 54.4, according to WSJ consensus. The 10-year falls 0.051 p.p., to 4.640%, and the two-year slips 0.059 p.p., to 4.139%.
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