Treasury yields were little changed on Tuesday as investors looked to the release of key inflation data amid uncertainty about the state of the U.S. economy.
At 6:17 a.m. ET, the yield on the 10-year Treasury was up by about 1 basis point at 3.919%. The 2-year Treasury yield was last less than 1 basis point higher at 4.021%.
Yields and prices move in opposite directions. one basis point equals 0.01%.
Two key inflation reports are due this week, with the first, producer price index, due on Tuesday. The PPI is expected to reflect a 0.2% increase in July, which would be in line with June’s reading, according to a Dow Jones consensus estimate.
The wholesale inflation figures will be followed by the consumer price index on Wednesday.
Investors will be watching both sets of data closely for hints about the state of the economy, especially as concerns about whether the U.S. could be entering a recession have caused market jitters in recent…
