![Weak US Data Cooled Rate Bets; Australia inflation Below Expected Weak US Data Cooled Rate Bets; Australia inflation Below Expected](https://shmi.ir/wp-content/uploads/2023/08/Weak-US-Data-Cooled-Rate-Bets-Australia-inflation-Below-Expected-150x203.jpg)
[ad_1] Wall Street took comfort from several downside surprises in US macro data overnight, with the data taming some rate hike bets and saw US Treasury yields decline. The US two-year yields were down 11 basis-point (bp), reversing all of last week’s gains, while the 10-year yields were down 8 bp to deliver a two-week