Treasury yields were higher Monday as investors look ahead to fresh inflation prints following a series of weaker-than-expected U.S. economic data releases.
The yield on the 10-year Treasury was 3 basis points higher at 3.738%. The 2-year Treasury yield rose 4 basis points to 3.689%.
Yields and prices move in opposite directions. One basis point is equivalent to 0.01%.
August’s consumer price index will be out Wednesday, followed by the producer price index on Thursday.
Treasury yields tumbled across the first week of September trade as reports on nonfarm payrolls and private payrolls both missed forecast estimates, reviving concerns about the extent of the slowdown in the U.S. economy. The unemployment rate dipped as expected to 4.2%.
The Federal Reserve holds its next monetary policy meeting next Wednesday, on Sept. 18. Markets were last pricing a 71% probability of a 25-basis-point cut in interest rates, against a 29% probability of a…
