Framing Analysis
The 10-year Treasury yield increased 2 basis points to 4.661%, the 2-year rose over 1 basis point to 4.152%, and the 30-year rose over 2 basis points to 5.237%. The producer price index was flat month-over-month in July versus economist expectations of a 0.2% increase, while the consumer price index aligned with forecasts. U.S. officials stated that measures for economic isolation of Iran are unprecedented and that a naval blockade of Iranian ports could continue indefinitely.