U.S. Treasury yields rose on Thursday after data showed that inflation rose only modestly in July, in line with economists' expectations, and as the U.S. Treasury Department saw soft demand for a sale of 30-year bonds. Higher rents were mostly offset by declining costs of goods such as motor vehicles and furniture. Headline and core consumer prices both rose by 0.2% in July, for an annual gain of 3.2% and 4.7%, respectively. “The July CPI report was good - that said it’s been a few months since individual CPI reports have had a material and lasting impact on market conditions," said Guy LeBas, chief fixed income ... (full story)