U.S. Treasury Yields Climb as Market Excitement Builds Ahead of Key Inflation Reports

U.S. Treasury yields saw a modest uptick during the Asian trading session, driven by anticipation for the release of crucial economic data this week. Wednesday’s Producer Price Index (PPI) report and Thursday’s Consumer Price Index (CPI) are expected to offer vital insights into inflation trends. Emilie Herbo, an analyst from Danske Bank’s research department, emphasized that the PPI will receive increased scrutiny due to its close proximity to the August CPI release and the surprising divergence between July’s data and expectations.