The U.S. Treasury market was closed Monday for the Veterans Day holiday following sharp postelection moves last week.
The benchmark 10-year Treasury note yield broke above 4.4% last week before closing Friday at 4.306%. The 2-year note yield edged above 4.3% before closing at 4.25%.
Those moves came after Donald Trump secured a second presidential term.
This week, investors are awaiting the latest inflation reading due on Wednesday as well as the consumer and producer prices data for October set to be published later this week. The consumer data will provide insights about the health of the U.S. economy.
The October CPI is expected to rise 0.2% on a monthly basis and to have risen 2.5% on a yearly basis, according to economists polled by FactSet. Core inflation is expected to remain steady at 0.3% and 3.3% on a monthly and yearly basis, respectively. Meanwhile, the October PPI is expected to have risen by 0.3% last month and 2.3% on a…
