U.S. Treasury yields were higher on Monday as investors looked ahead to the latest inflation prints and other key economic data slated for the week.
At 3:09 a.m. ET, the yield on the 10-year Treasury was up by more than two basis points to 3.9647%. The 2-year Treasury was last over two basis points higher to 4.0817%.
Yields and prices move in opposite directions. One basis point equals 0.01%.
Amid continued uncertainty about the state of the U.S. economy, investors looked ahead to fresh inflation data due this week.
July’s producer price index, which tracks wholesale prices, is due Tuesday, followed by the consumer price index for the same month on Wednesday.
The inflation data will be watched closely by investors after recent concerns about whether the U.S. economy could enter a recession and whether the Federal Reserve should have already begun cutting interest rates to avoid a hard landing.
When the Fed met last month, it left rates…
