USA: inflation slows, consumer prices + 8.5% in July

In Europe, ten-year government bond yields are down sharply after slowing US inflation.
The spread between BTP and Bund drops to 208 points, compared to 210 at the start of the session. The yield of the Italian ten-year falls to 2.94%.
The rates of the ‘peripheral’ countries also fell with the Spanish ten-year rate at 1.95% (-5.4 basis points) and the Greek rate at 3.1% (-6.6 points).