2-year Treasury yield heads for lowest level since April after CPI inflation cools by more than expected

Rates on U.S. government debt broadly tumbled Wednesday morning after inflation based on the consumer-price index eased in May and as the Federal Reserve’s policy update looms.

Rates on U.S. government debt broadly tumbled Wednesday morning after inflation based on the consumer-price index eased in May and as the Federal Reserve’s policy update looms.