U.S. Treasury yields rose early on Tuesday, ahead of the release of closely watched inflation data later in the morning.
Treasurys
August's consumer price index is due to be released at 8:30 a.m. ET, with a hotter reading expected. Thein August month on month and 5.4% year on year, according to a Dow Jones consensus estimate. Inflation data is being closely watched by the Federal Reserve, as it considers when to start tightening monetary policy. The Fed is due to kick off its latest two-day policy meeting next Tuesday.
Steven Bell, chief economist at BMO GAM, said on Tuesday that he expected the Fed to confirm plans to start tapering bond purchases at the end of the year.
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