U.S. Treasury yields were little changed on Tuesday as investors looked ahead to fresh inflation insights slated for release on Friday.
At 10:43 a.m. ET, the 10-year Treasury yield was marginally lower at 4.24%. The yield on the 2-year Treasury was up by less than 1 basis point at 4.742%.
Yields and prices move in opposite directions and one basis point equals 0.01%.
Investors awaited several economic data points due this week as well as comments from Federal Reserve officials. Questions remain about when the first interest rate cut could come.
While chances of a summer rate cut appear low, investors are looking for hints about whether the Fed may move to cut rates in September. Traders were last pricing in a 67.7% chance of rates being cut then, according to CME Group’s FedWatch tool.
Data expected Tuesday includes consumer confidence insights and house price figures. As the week continues, durable goods orders data and the personal…
