Treasury yields hold steady ahead of latest consumer inflation data

U.S. Treasury yields remained steady as investors placed their attention on upcoming inflation data and Federal Reserve Chairman Jerome Powell’s remarks. The 10-year Treasury yield increased by less than one basis point to 4.2880%, while the 2-year Treasury yield stayed almost unchanged at 4.6304%. Investors are awaiting the release of the consumer price index and the producer price index to gain insights into potential interest rate changes. Economists’ projections suggest a slight easing of inflation compared to previous months. Powell’s recent comments on interest rates were cautiously received.