Treasury yields hold steady as investors weigh inflation, interest rate outlook

U.S. Treasury yields remained steady on Tuesday as investors considered the impact of inflation and interest rates. Various Federal Reserve speakers expressed caution regarding inflation and its effects on the central bank’s target range. The recent consumer price index for April showed a monthly increase of 0.3% and an annual increase of 3.4%. Investors are closely watching for indications on when the Fed may cut rates, with several officials scheduled to give remarks and the release of minutes from the last meeting. This week, data on home sales and durable goods orders is expected.