US Treasuries Snap Slide as Focus Shifts to Key Inflation Report
Customers check out at a store in San Francisco.
Photographer: David Paul Morris/BloombergTreasuries snapped a three-day losing streak as investors prepare for fresh US inflation data that may help determine the Federal Reserve’s next move on interest-rate cuts.
The benchmark 10-year yield fell one basis point to 4.27%, while the rate for other tenors edged lower or was little changed Monday afternoon in New York. Traders were readying for the release of consumer price index figures on Tuesday, a key data point before the Fed’s meeting next month.