# US Inflation Slows Down: Bond Yields Ease Amid Energy Tensions : Thursday, August 13, 2026

- Source: https://orderflowfutures.com/en/news/2026-08-13
- Site: OrderFlowFutures (https://orderflowfutures.com)
- Edited by: Tom, Trader & founder of OrderFlowFutures (https://orderflowfutures.com/a-propos#auteur)
- Published: 2026-08-13
- Updated: 2026-08-13
- Reuse: free to quote and cite, with attribution to OrderFlowFutures and a link to the source URL.

> July's US inflation slowdown to 3.4% has eased global bond yields, providing support for equity indices. Meanwhile, persistent bottlenecks in the Strait of Hormuz maintain crude oil market volatility.

## Macro & Central Banks
- **US Inflation Slowdown**: The US Consumer Price Index (CPI) stood at 3.4% year-over-year in July (down from 3.5% in June), with a moderate monthly increase of 0.1%. Core CPI receded to 2.5% YoY (+0.2% MoM), dampening Federal Reserve rate hike expectations.
- **Bond Yield Relief**: The US 10-year Treasury yield dropped to 4.656% (-2.8 bps) while the 2-year yield fell to 4.172% (-4.6 bps). In Europe, the German 10-year Bund yield slipped 2 bps to 3.157%.
- **US Budget Deficit**: The cumulative US deficit reached $1,800 billion over the first ten months of the fiscal year, driven by a $432.3 billion deficit in July amid elevated public spending ($766.3 billion).

## Energy & Geopolitics
- **Strait of Hormuz Bottlenecks**: Maritime traffic remains near a three-month low, averaging roughly 13 vessels per day—down 90% from pre-conflict levels. Donald Trump stated that the US exercises "total control" over the area.
- **Crude Oil Sector**: Brent crude stabilized at $88.90 per barrel. In Saudi Arabia, a supertanker was spotted loading at the Ju'aymah terminal for the first time in a month.
- **US Electricity Demand**: Power generation across the US rose 7.04% year-over-year during the week ending August 8, led by the New England region (+26.9%).

## What to Watch Today
- **Equity and Yield Curve Reaction**: Continued order flow repositioning on US and European interest rate futures following the CPI report.
- **Energy Developments**: Tracking crude oil prices and their potential spillover effect on key stock index futures (NQ, ES, FDAX) amid Middle Eastern geopolitical developments.

*Brief compiled from the morning's news flow, AI-assisted and reviewed before publication. Not investment advice.*