Brazil's inflation undershot market expectations in July, data from statistics agency IBGE showed on Tuesday, with a monthly drop in food prices providing some relief even as the annual rate remained well above the central bank's target.

The July inflation report keeps an interest-rate cut firmly on the table after the Federal Reserve’s meeting next month. The lack o

While the 2-year Treasury yield was down a fraction to 3.75%, 10-year Treasury yields climbed 4.3 basis points to 4.316% and the 30-year Treasury bond yield jumped 6.0 basis points to 4.901. One basis point is equal to 0.