The New York Stock Exchange opened higher on Wednesday, inspired by the slowdown in inflation in the United States. Price growth came in at 4.9 percent year-on-year in April, slightly below the 5.0 percent economists expected, according to the CPI index, released Wednesday.
The bond market reacted immediately to this data and yields fell sharply. The yield on 10-year government bonds stood at 3.45%, against 3.51% the previous day at the close. The one-month Treasury yield stood at 5.46%, the highest in at least 20 years.