US Treasury yields rose on Tuesday while Investors are waiting for inflation data That will be scrutinized for how quickly the Federal Reserve may continue to raise interest rates.
Yields rose from last week’s four-month lows as investors reassess the odds that the US central bank will keep its monetary policy tightening course rather than switch to a slower pace of rate increases as some predicted following the Fed meeting in July.
The US consumer price index, due on Wednesday, is expected to show prices rose at an annualized pace of 8.7% in July, according to the median estimate of economists polled by Archyde.com, which would be down from the 9.1% increase in June. June.
The 10-year Treasury yield rose to 2.799%, close to the 2.869% level reached on Friday, which was the highest level since July 22.
The two-year bond yield was 3.286% following hitting 3.331% on Friday, the highest since June 16.
The spread between the two-year and 10-year bond yields reached 49 basis points, the deepest inversion of the yield curve since 2000.
