Treasury yields were little changed early Tuesday ahead of the final major inflation prints before the Federal Reserve’s September meeting.
The yield on the 10-year Treasury was 1 basis point higher at 3.708%, with the 2-year Treasury yield also up by 1 basis point at 3.683%.
Yields and prices move in opposite directions. One basis point is equivalent to 0.01%.
Treasury yields have stablized after tumbling through last week when a series of labor market releases missed estimates. The data also sent U.S. stocks to their worst week of the year so far.
Investors are now keenly awaiting August’s consumer price index, set to be published Wednesday, to see if headline inflation will ease further from July’s 2.9% reading as expected.
That will be followed by the producer price index on Thursday.
Debate has erupted over whether the Fed could opt for a 50 basis point rather than a 25 basis point interest rate cut during the Sept. 17-18 meeting.
