US 10-year yields fall below 4.50% on soft CPI, near the bottom of the range

<p>Yesterday, US 10-year yields touched 4.70% and looked like they were thinking about widening the top of the recent range. Now they're just one basis point away from the range bottom.</p><p>US 10s are down 15 bps to 4.48%, just above last week's low of 4.473%.</p><p>I'll be curious to see if the bond market wants to push further ahead of tomorrow's retail sales data.</p>

This article was written by Adam Button at www.forexlive.com.