Treasuries Advance as Measure of Consumer Prices Rises Less Than Forecast

(Bloomberg) -- Treasuries rose as a measure of
consumer prices rose less than forecast last month, damping
speculation the Federal Reserve will lift interest rates later
this year.

Consumer prices, excluding food and energy, increased 0.1
percent in May, after climbing 0.2 percent in April, government
data showed. The reading compared with the 0.2 percent increase
that was the median forecast in a Bloomberg News survey.


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