"Market Anticipation: Treasury Yields Hold Steady Before CPI Data Release"

U.S. Treasury yields remained steady as investors awaited the release of the consumer price index for February, with the 10-year Treasury yield down by 1 basis point at 4.09%. The upcoming inflation data is expected to provide insight into the path ahead for interest rates, with concerns arising from January's hotter-than-expected CPI prompting Federal Reserve officials to strike a more cautious tone about easing monetary policy. The data could influence the timing of potential rate cuts, with markets currently pricing in the first rate cut to take place in June.