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US Producer Inflation Cooled to 4.7% in July, Down From 5.5% in June, But the 10-Year Treasury Yield Stayed High (Sunday, August 16, 2026)

Sahmino editorialAug 16, 2026Short01:17

US producer prices (PPI) rose 4.7% year over year in July, down from 5.5% in June and softer than economists expected; a day earlier, consumer inflation had already come in calmer than feared. Yet the 10-year Treasury yield stayed elevated through Friday, August 14, a gap that keeps the path of the dollar and global gold, and from there Tehran's coin and gold prices, unsettled.

Transcript

US consumer and producer inflation both cooled again, so why did Treasury yields stay high? Two US inflation reports this week both came in cooler than Wall Street expected Producer inflation cooled to four point seven percent annually, down from five point five in June A day earlier, consumer prices rose just point one percent, with annual inflation at three point four percent Stocks jumped and the ten year Treasury yield fell forty three basis points that same day But by Friday, the ten year yield climbed right back to four point seven percent The Fed chair said a rate cut isn't necessarily his priority, and inflation expectations stayed elevated This gap touches the global dollar, global gold, and Tehran's own coin premium In Tehran today, the free dollar and gold both eased, and the Emami coin premium pulled back too The dollar and gold's path, one step removed, reaches Tehran's coin premium directly From here there are two paths, one good for the dollar, one for bond yields The next inflation report lands in mid September, and the Fed meeting follows soon after Markets still price more than sixty percent odds of one more rate hike this year US inflation cooled but yields didn't follow, and that gap still shapes the dollar and Tehran's coin price Read the full analysis on Sahmino dot com; do you think yields finally come down this time or not?

Sources

  1. Wikimedia CommonsArchive photo · Source: Wikimedia Commonshttps://commons.wikimedia.org/wiki/File:Marriner_S._Eccles_Federal_Reserve_Board_Building.jpgCited Aug 16, 2026

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