U.S. Treasury yields were little changed on Tuesday as investors considered the path ahead for inflation and interest rates following a series of remarks from Federal Reserve speakers.
At 4:20 a.m. ET, the yield on the 10-year Treasury was down by less than one basis point to 4.4335%. The 2-year Treasury yield was last at 4.8371% after rising by less than one basis point.
Yields and prices move in opposite directions. One basis point equals 0.01%.
Investors assessed the state of the economy, especially regarding inflation, and how this may affect interest rates.
Federal Reserve speakers on Monday reiterated caution about inflation and whether it is headed back toward the central bank’s 2% target range.
“It is too early to tell whether the recent slowdown in the disinflationary process will be long lasting,” Fed Vice Chair Philip Jefferson said, while Fed Vice Chair of Supervision Michael Barr said recent inflation data had not given him…
