U.S. Treasury yields decline before Fed minutes

U.S. Treasury bond yields temporarily declined ahead of the Federal Open Market Committee meeting minutes, following a broad sell-off that impacted long sections of the yield curve. The 10-year bond yield fell to 4.69%, and the 30-year bond yield to 5.274%, amid the US budget deficit rising to $432.3 billion in July, which raises concerns about inflation and keeps markets cautious. Investors are looking for more details on monetary policy directions amid divisions within the Federal Reserve regarding interest rate hikes.

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