US Treasury yields tick higher as investors await inflation data, auctions

The U.S. central bank's Federal Open Market Committee is due to announce its latest monetary policy decision on Wednesday.

On the data front, the March reading for core personal expenditures — the Fed's favoured inflation measure — will be released at around 8:30 a.m. ET. Personal income figures and consumer spending data will for March will be released at the same time. Meanwhile, the U.S. Treasury is set to auction $39 billion in 13-week bills and $36 billion in 26-week bills.

Elsewhere, oil prices slipped during morning trade, extending a slump from the previous session after President

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