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U.S. bond yields steady ahead of inflation report
U.S. Treasury bond yields remained close to previous levels as investors awaited key inflation data this week, including Producer Price Index figures which are expected to show a 0.4% increase in August. The 10-year bonds held steady at 4.78%, while two-year bond yields declined to 4.368% following strong labor market data that showed an addition of 162,000 jobs in August, increasing pressure on expectations for the Federal Reserve to raise interest rates. Oil prices also rose, with Brent contracts approaching $100 per barrel, due to the ongoing impact of the Middle East conflict on the oil market.
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