April 16, 2024
2- and 10-year Treasury yields rise for fourth straight session ahead of U.S. inflation report

2- and 10-year Treasury yields rise for fourth straight session ahead of U.S. inflation report

U.S. yields finished mostly higher on Tuesday, with 2- and 10-year Treasury rates advancing for a fourth consecutive session, as traders awaited the March consumer-price index report on Wednesday.

What happened
What drove markets

U.S. bond yields were initially softer on Tuesday after data from China showed consumer inflation falling.Rates turned higher as the New York trading session wore on, though, with traders awaiting the March U.S. consumer price data due on Wednesday. The report is likely to affect…

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