Forex News: The 30-year bond is bleeding as inflation risks increase following a spike in June CPI data and as U.S. stock market rally. The long bond, most sensitive to inflation outlook, sees its price down by more than 1 point, usually considered a big move. The 10-year note also suffers, down 23/32 to 99 17/32 to yield 3.93%, paring a rally Tuesday. The two-year note, most sensitive to Fed rate outlook, suffer the least, down only 1/32 to 100 28/32 to yield 2.41%.
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