June inflation accelerates as expected and investors buy up Treasurys, sending yields lower. The 12-month consumer price index increases 2.7%, compared to May’s 2.4% pace. The core reading was 2.9%, up from 2.

Treasury yields were nearly flat Tuesday morning, as investors assessed fresh data showing core inflation in the U.S. was slightly softer than expected. The yield on the 10-year Treasury note was trading down less than 1 basis point at around 4.

Treasury yields change little following last week's increase as inflation is expected to have accelerated in June and trade wars heat up. Economists surveyed by WSJ expect June CPI, due tomorrow, to rise to 2.