Treasury yields are higher as investors await key inflation report

Economic Indicators - The benchmark 10-year Treasury yield rose more than 2 basis points to 4.159%, while the 30-year Treasury bond increased over 2 basis points to 4.797%, and the 2-year Treasury note yield also rose 2 basis points to 3.59% [1] - The consumer price index (CPI) report for February is anticipated to show a 2.4% increase on a yearly basis, which will provide insights into the health of the U.S. economy [2] - Other economic data to be released includes housing starts and weekly initial jobless claims on Thursday, and the personal consumption expenditures index on Friday [4] Market Reactions - Investors are closely monitoring the upcoming inflation report and developments in the U.S.-Iran conflict, which has influenced oil prices, surging to $120 a barrel before easing but remaining elevated [3] - Analysts from Deutsche Bank noted that the recent oil shock has delayed market expectations for the next Federal Reserve rate cut, with the Fed expected to hold rates steady at the upcoming meeting [3]