U.S. Treasury yields are little changed Tuesday morning as markets took a breather while investors waited for progress on an infrastructure bill in Congress...
U.S. Treasury yields were little changed Tuesday morning as markets took a breather while investors waited for progress on an infrastructure bill in Congress which was set for a vote possibly later in the morning session.
The spending package is likely to be parsed for further details on how it might add to federal debt and impact Treasury borrowing to help cover the costs of the infrastructure initiatives which could nudge yields higher. Investors may also be waiting for the U.S. July consumer price index data due Wednesday, with the July producer price index due Thursday.
Separately, Cleveland Fed President Loretta Mester is slated to speak, about inflation and risks, later in the day at a virtual event later Tuesday. Chicago Fed president, Charles Evans, speaks at 2:30 p.m. ET to discuss the economy and monetary policy.
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