U.S. Treasury yields were little changed on Tuesday as investors considered the path ahead for inflation and interest rates following a series of remarks from Federal Reserve speakers.Investors assessed the state of the economy, especially regarding inflation, and how this may affect interest rates.
Federal Reserve speakers on Monday reiterated caution about inflation and whether it is headed back toward the central bank's 2% target range. "It is too early to tell whether the recent slowdown in the disinflationary process will be long lasting," Fed Vice Chair Philip Jefferson said, while Fed Vice Chair of Supervision Michael Barr said recent inflation data had not given him the confidence he was looking for about inflation easing.reflected price increases of 0.3% on a monthly basis and 3.4% from a year ago. The monthly figure was just below estimates, while the annual reading was in line with expectations.
On the data front, existing as well as new home sales figures and durable goods orders data are due this week.
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