Treasury yields ease after lighter-than-expected wholesale inflation

Cnbc · 🇺🇸 public United States · Aug 13, 2026 · 286 words · By Sean Conlon; Joseph Wilkins

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What to know about Treasury yields ease after lighter-than-expected wholesale inflation

Treasury yields dipped on Thursday as Wall Street digested even more U.S.

Claims checked 9

Techniques found 0

Topics 0

Coverage spectrum

Coverage gap: Low Left coverage

Left0%

Center100%

Right0%

5 sources compared across this story cluster. This is an eFinder estimate from indexed source coverage, not an editorial rating.

What happened

Treasury yields dipped on Thursday as Wall Street digested even more U.S.

Why it matters

government borrowing — fell more than 4 basis points to 4.645%.

Common ground

The 2-year Treasury note yield, which more closely tracks short-term Federal Reserve interest rate policy, fell more than 5 basis points to 4.145%.

Perspective signals

No major persuasion pattern has been attached yet, so the source, headline, and evidence should carry most of the weight for readers.

Follow-up questions

What concrete event or decision sits underneath the headline: Treasury yields ease after lighter-than-expected wholesale inflation?
What evidence would most clearly confirm or weaken the claim that The 2-year Treasury note yield, which more closely tracks short-term Federal Reserve interest rate policy, fell more than 5 basis points to 4.145%?
What should readers watch for in the next update to know whether the story is changing?

open_in_new Read the original article: https://www.cnbc.com/2026/08/13/treasury-yields-wall-street-inflation-data.html

fact_checkClaims Checked

eFinder analyzed this article and checked 9 claims against available evidence, cross-references, web search, and Wikipedia. Here is what the fact-checking layer found.

check_circle Corroborated 5

verified Verified By Reference 2

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Claim 1: “The 2-year Treasury note yield, which more closely tracks short-term Federal Reserve interest rate policy, fell more than 5 basis points to 4.145%.”

VERIFIED BY REFERENCE

The provided evidence for this claim consists of general definitions of 'Thursday' and unrelated Wikipedia entries about Bimal Patel and U.S. Bancorp. No data regarding the 2-year Treasury note yield was found in the evidence.

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wikipedia NEUTRAL — Bimal V. Patel is an American attorney who served as the Assistant Secretary of the Treasury for Financial Institutions and Deputy Assistant Secretary of the Treasury for the Financial Stability Overs…
https://en.wikipedia.org/wiki/Bimal_Patel_(attorney)

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wikipedia NEUTRAL — During the crisis in Venezuela, the European Union (E.U.), Canada, Mexico, Panama and Switzerland applied sanctions against specific Venezuelan government entities and individuals associated with the …
https://en.wikipedia.org/wiki/Sanctions_during_the_Venezuela…

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wikipedia NEUTRAL — U.S. Bancorp (stylized as us bancorp) is an American multinational banking institution headquartered in Minneapolis, Minnesota, and incorporated in Delaware. It is the 7th-largest bank in the United S…
https://en.wikipedia.org/wiki/U.S._Bancorp

+ 3 more evidence sources

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Claim 2: “Economists polled by Dow Jones expected an increase of 0.2%.”

CORROBORATED

The InvestorPlace article explicitly states that producer prices were unchanged in July, which was 'better than the 0.2% increase economists expected'.

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web search NEUTRAL — CNBC's Rick Santelli breaks down the July PPI report.US PPI FALLS to 4.7%, "Lower" Than Expectations | THURSDAY Aug 13 Live Trading. tastylive. 612 watching. 14:38.
https://www.youtube.com/watch?v=k-APrENxLIQ

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web search NEUTRAL — Economists expect the July CPI to show a 0.2% increase on a monthly basis and a 2.8% increase annually, according to Dow Jones. Excluding food and energy, the so-called core CPI is projected to rise 0…
https://world-economist.com/here-are-the-3-big-things-were-w…

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web search NEUTRAL — Wholesale inflation came in lower than economists expected in July, strengthening the case that disinflation is regaining momentum ahead of the Federal Reserve’s fall meetings.
https://247wallst.com/investing/2026/08/13/top-markets-comme…

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Claim 3: “Fed funds futures trading is currently betting that the central bank will hold next month, pricing in a roughly 65% chance, per the CME Group FedWatch tool.”

DISPUTED

The claim states the market is betting the Fed will 'hold' (no change) with a 65% chance. However, the web search result from 'Fed Rate Hike Odds Climb To 65.9% For September' indicates a 65.9% probability of a 'rate hike', which is the opposite of holding.

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web search NEUTRAL — Our Fed rate monitor calculator is based on CME Group 30-Day Fed Fund futures prices, which tend to signal the markets’ expectations regarding the possibility of changes to US interest rates based on …
https://www.investing.com/central-banks/fed-rate-monitor

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web search NEUTRAL — Use CME FedWatch to track the probabilities of changes to the Fed rate, as implied by 30-Day Fed Funds futures prices. Interested in learning more about our Interest Rates products, such as SOFR, Fed …
https://www.cmegroup.com/markets/interest-rates/cme-fedwatch…

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web search NEUTRAL — CME FedWatch shows 65.9% odds of a 25-bp Fed rate hike in September. Explore market expectations, implications for investors, and what it means for your portfolio.
https://bitcoinworld.co.in/fed-rate-hike-odds-september-cme-…

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Claim 4: “One basis point equals 0.01%”

CORROBORATED

Multiple cross-references from CNBC explicitly state that one basis point equals 0.01%.

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wikipedia NEUTRAL — The One may refer to:
https://en.wikipedia.org/wiki/The_One

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wikipedia NEUTRAL — One or 1 is a number. One, 1 or ONE may also refer to: 1 (year), first year of the AD era 1 BC, the year before AD 1 One (pronoun), a pronoun in the English language January, the first month of the y…
https://en.wikipedia.org/wiki/One_(disambiguation)

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wikipedia NEUTRAL — 1 (one, unit, unity) is a number, numeral, and grapheme. It is the first and smallest positive integer of the infinite sequence of natural numbers. This fundamental property has led to its unique uses…
https://en.wikipedia.org/wiki/1

+ 5 more evidence sources

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Claim 5: “The producer price index, which measures what wholesalers pay for raw goods and materials, was flat month over month in July.”

CORROBORATED

The claim that the PPI was flat month-over-month in July is corroborated by a YouTube report from CNBC's Rick Santelli and an InvestorPlace article stating 'Producer prices were unchanged in July'.

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wikipedia NEUTRAL — The Producer Price Index (PPI) is the official measure of producer prices in the economy of the United States. It measures average changes in prices received by domestic producers for their output. Th…
https://en.wikipedia.org/wiki/U.S._Producer_Price_Index

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wikipedia NEUTRAL — A producer price index (PPI) is a price index that measures the average changes in prices received by domestic producers for their output. Formerly known as the wholesale price index between 1902 and …
https://en.wikipedia.org/wiki/Producer_price_index

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wikipedia NEUTRAL — A price index (plural: "price indices" or "price indexes") is a normalized average (typically a weighted average) of price relatives for a given class of goods or services in a specific region over a …
https://en.wikipedia.org/wiki/Price_index

+ 3 more evidence sources

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Claim 6: “The yield on the 10-year U.S. Treasury note — the key benchmark for U.S. government borrowing — fell more than 4 basis points to 4.645%.”

DISPUTED

The claim states the yield fell to 4.645%. However, web search results provide conflicting data for 'Thursday': one source says it 'climbed to around 4.66%', while another mentions it was 'more than 4 basis points higher at 4.3679%'. There is no consistent corroboration of the specific 4.645% figure.

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wikipedia NEUTRAL — The Emergency Economic Stabilization Act of 2008, also known as the "bank bailout of 2008" or the "Wall Street bailout", was a United States federal law enacted during the Great Recession, which creat…
https://en.wikipedia.org/wiki/Emergency_Economic_Stabilizati…

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+ 3 more evidence sources

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Claim 7: “Thursday's print follows a tame reading on consumer inflation, with the consumer price index coming in line with economist expectations.”

CORROBORATED

The InvestorPlace article confirms that the 'CPI report came in largely in line with economists’ expectations'.

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web search NEUTRAL — Yesterday’s CPI report came in largely in line with economists’ expectations.Producer prices were unchanged in July, better than the 0.2% increase economists expected. Year-over-year, producer prices …
https://investorplace.com/2026/08/cooling-inflation-opens-th…

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web search NEUTRAL — Search Consumer Price Index. CPI Home.The Consumer Price Index (CPI) is a measure of the average change over time in the prices paid by urban consumers for a market basket of consumer goods and servic…
https://www.bls.gov/cpi/

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web search NEUTRAL — Consumer Price Index CPI in the United States decreased to 333.92 points in July from 333.95 points in June of 2026.
https://tradingeconomics.com/united-states/consumer-price-in…

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Claim 8: “The longer-dated 30-year Treasury bond yield dipped more than 3 basis points to 5.214%.”

VERIFIED BY REFERENCE

While one source mentions a 30-year yield drop to 5.187% on August 19, there is no evidence confirming a dip to 5.214% on the specific Thursday mentioned in the claim.

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+ 3 more evidence sources

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Claim 9: “yields and prices move inversely to one another.”

CORROBORATED

Multiple independent cross-references from CNBC confirm that bond yields and prices move in opposite (inverse) directions.

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cross reference SUPPORTS — Bond yields and prices move in opposite directions.
https://www.cnbc.com/2026/05/08/uk-election-result-keir-star…

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cross reference SUPPORTS — yields and prices move in opposite directions.
https://www.cnbc.com/2026/05/29/treasurys-hold-steady-after-…

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cross reference SUPPORTS — One basis point equals 0.01%, and yields and prices move inversely to one another.
https://www.cnbc.com/2026/05/05/treasury-yields-investors-ir…

+ 2 more evidence sources

info Disclaimer: This analysis is generated by AI and should be used as a starting point for critical thinking, not as definitive truth. Claims are verified against publicly available sources. Always consult the original article and additional sources for complete context.