· US Treasury yields rose despite Fed’s cautiousness over the subdued inflation

Highlights of the week:-

·         US Treasury yields rose despite Fed’s cautiousness over the subdued inflation ·         Bund yields rise after Germany’s inflation accelerated for the consecutive month in July ·         UK gilts down after disappointing June inflation data ·         Singapore yields up after STI hit two-year high while Indonesian bond yields rose amid bond and stock selloff ·         MGS yields rose last week driven by the rise in UST and higher oil prices