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TREASURIES-U.S. yields fall as cooling inflation points to laxer Fed - NewsBreak

(Changes comment, updates prices) By Rodrigo Campos NEW YORK, Sept 14 (Reuters) - U.S. government bond yields fell on Tuesday after data showed consumer prices increased at their slowest pace in six months in August, suggesting that inflation had probably peaked and removing urgency from the next move by the Federal Reserve. The yield on the benchmark 10-year note fell more than 6 basis points on the day to a low of 1.263%, the lowest reading since Aug. 24. The core measure of U.S. consumer prices edged up 0.1% last month, the smallest gain since February. The measure, which excludes the volatile food and energy components, increased 4.0% on a year-on-year basis after advancing 4.3% in July. The data could be volatile in the coming months as shortages of basic materials and parts have created bottlenecks, and price increases, across various supply chains. The August slowdown gives the Federal Reserve breathing room as it prepares to reduce its massive bond holdings and decide how soon
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