Treasury yields dip as Wall Street awaits wholesale inflation data

* US Treasury yields dipped on July inflation data * 10-year yield fell to 4.674%, 2-year to 4.176% * Traders scaled back September Fed rate hike bets U.S. Treasury yields fell Thursday after July inflation data. The 10-year yield slipped over 1 bp to 4.674%, the 2-year fell 2 bp to 4.176%, and the 30-year dropped 1 bp to 5.236%. The PPI report is due at 8:30 a.m. ET, with economists expecting a 0.2% rise. CPI came in line at +0.1% m/m, prompting traders to trim September rate-hike odds. Goldman Sachs and Deutsche Bank noted the benign prints reduce immediate Fed pressure.