Yields and prices move in opposite directions and one basis point equals 0.01%.
Investors braced themselves for the release of inflation data for August, with the consumer price index and producer price index slated for Wednesday and Thursday, respectively. The figures are likely to inform the Federal Reserve's next monetary policy moves. In recent weeks, several central bank officials have indicated that economic data will be crucial in the Fed's upcoming interest rate decisions.
That comes as concerns about the possibility of rates going higher still have grown among investors in recent weeks after a
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