Investors Hold Steady as Inflation Data and Fed Minutes Awaited

US Treasury yields fell after new inflation figures showed a lower-than-expected increase in March, leading traders to bet that the Federal Reserve would halt rate increases sooner than expected. The 10-year Treasury note yield fell 3 basis points to 3.406%, while the 2-year Treasury rate slid 6 basis points to 3.995%. The consumer price index rose 0.1% in March on a month-over-month basis, lower than the expected 0.2%. The Fed's next interest rate decision in May is likely to be impacted by the fresh inflation figures.