Treasury Yields Rise Ahead of Inflation Data — Market Talk

Treasury yields are mostly higher ahead of April inflation data. Spartan’s Peter Cardillo says in a note that “a moderate rise in consumers prices is likely to steer the Fed in electing a pause.” Consensus points to resilient inflation last month, while there still is a long stream of data to come up before the next Fed meeting. Debt ceiling concerns also hit Treasurys, making the one-month yield the highest in the curve, at 5.461%. The 10-year is at 3.511% and the two-year at 4.066%.