Reuters

TREASURIES-U.S. yields dip with eyes on inflation data

U.S. government bond yields dipped on Monday with markets looking ahead to consumer inflation data on Tuesday that is expected to show a continuing slowdown in the pace of price increases. “It will likely take downside surprises for CPI and retail sales to register in the bond market in the next five days,” said Jim Vogel, head of fixed income strategy and commentary at FHN Financial Capital Markets, in a client note. Shortages of basic materials and parts have created bottlenecks, and price increases, across various supply chains.

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