U.S. Treasury yields declined on Tuesday as investors assessed the outlook for interest rates and Federal Reserve monetary policy ahead of key inflation data.
Yields and prices have an inverted relationship. One basis point equals 0.01%.Investors assessed the path ahead for Federal Reserve monetary policy, especially for interest rates, as they considered economic data and comments from central bank officials.
Fed Governor Michelle Bowman said Monday that she believes further rates hikes would be needed to bring inflation lower. Throughout the week and on Tuesday, several other policymakers are due to make remarks that could provide clues about their expectations for interest rates and the economy.
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