Treasury yields stumble as investors anticipate debt ceiling deal vote

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U.S Treasury yields fell on Tuesday as markets reopened after Memorial Day and investors braced themselves for a vote on a debt ceiling deal.

Elsewhere, investors digested April's personal consumption expenditures price index that on Friday came in at 0.4% on a monthly basis which wasgrows over the Fed's interest rate policy and whether officials would hike rates further in their battle against persistent inflation.

A series of jobs data is expected throughout the week and could provide fresh hints about the state of the U.S. economy, which may also affect monetary policy.

 

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