U.S. government debt yields rose again on Tuesday morning, continuing a move higher seen last week after better-than-expected inflation data.
Yields took a brief pause in momentum on Monday to tick slightly lower, after the 10-year note had posted its biggest weekly climb since April on the back of stronger-than-expected inflation figures. The U.S. consumer price index rose by more than expected last month, with the core CPI posting its biggest gain in 18 months.
Along with earnings reports for a slew of America's largest corporations, investors stateside will also have an eye on industrial production data year-on-year for June, set for release at 9:15 a.m. ET. Federal Reserve Chair Jerome Powell will deliver a keynote speech at 1:00 p.m. ET Tuesday at the Bretton Woods 75 Years event in Paris, France.
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