U.S. government debt yields fell today on meek inflation data as the U.S. Labor Department revealed that its U.S. producer price index was unchanged in July, falling short of the 0.2% increase expected by a Reuters poll of economists. The yield on the benchmark 10-year Treasury note fell to 2.937 while the 30-year note went down to 3.074 as of 3:15 p.m. ET.

The Labor Department data also showed that In the 12 months through July, the core PPI increased by 2.8%, which follows a 2.7% increase in June. The tame PPI follows data that showed signs of a robust economy, especially with the Commerce Department announcing a 4.1% increase in GDP during the second quarter.

“Both the headline and core indexes were constrained by a 0.8% drop in the volatile ‘trade services’ component, which measures profit margins for retailers and wholesalers. This is a correction, following a run of big increases; it likely does not mark the start of a sustained run of smaller core PPI numbers,” said Ian Shepherdson, chief economist at Pantheon Macroeconomics.

Related: Homebuilder ETFs Could Still Thrive Despite Rising Rates

Corporate Debt Bond ETF Gains

While Treasury yields dipped, corporate bond-focused fixed-income ETFs like the iShares Intermediate Credit Bond ETF (NASDAQ: CIU) gained. CIU was up 0.16% in today’s trading session and up 0.38% the past month.

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