[U.S. Core Inflation Cooled Unexpectedly in May, Traders Still Bet on Fed Rate Hike by Year-End] Jin10 News, June 10 – U.S. core CPI rose 0.2% month-on-month in May, below the market expectation of 0.3%. U.S. Treasury bonds strengthened slightly, and bond traders maintained their bets that the Federal Reserve will raise interest rates by the end of the year. The data is seen as easing some pressure on the Fed ahead of Kevin Walsh's first meeting as Fed Chair next week. Following the CPI release, most U.S. Treasury yields fell by less than 1 basis point. The two-year Treasury yield, which is more sensitive to short-term changes in monetary policy, stood at 4.11%, down from around 4.13% earlier in the session. Dan Carter, Senior Portfolio Manager at Fort Washington Investment Advisors, commented: 'This gives the Fed a little bit of breathing room.'