US Treasury prices rise as traders are optimistic about a possible rate cut in September.

[Chain News] PANews, August 12 - After consumer price inflation met expectations, U.S. Treasury prices rose, and the dollar fell sharply against a Currency basket, as traders increased their expectations for a rate cut in September. Following the release of the CPI data, yields on U.S. Treasuries of all maturities fell significantly, with the two-year Treasury yield leading the decline, falling 6 basis points to 3.71%. Traders have increased their bets on the Fed cutting rates, with an expectation that the probability of a 25 basis point rate cut at the meeting on September 17 exceeds 80%.