US Treasury yields were slightly lower on Tuesday morning as investors continue to gauge inflation, with key figures coming later in the week.
Yield on Benchmark 10 year treasury note On Monday, the yield fell to 3.0270%, surpassing its highest level in nearly a month. 30 Year Treasury Bond slipped to 3.1765%. Yields move inversely to prices.
The reading of the May Consumer Price Index on Friday is the most important moment of the week. If last month’s print turns out to be lower than April’s, the market could speculate that inflation is peaking, making the monetary policy trajectory slightly more predictable.
Economic data released on Tuesday will cover the April trade balance while the Federal Reserve remains calm during its blackout period.
Investors are still trying to determine whether the recent resurgence in stocks is a bear market rally or a sign that the year’s riskier asset selling has turned upside down.
On Tuesday, $ 44 billion in 3-year Treasury notes will be auctioned.