Treasury Yields Climb Amid Inflation Data and Fed Meeting Anticipation

U.S. Treasury yields increased as investors anticipate the release of November's consumer price index (CPI) data, which is expected to show a 0.3% rise for the month and a 2.7% increase over the past year. This data, due on Wednesday, is crucial as it precedes the Federal Reserve's upcoming meeting and could influence interest rate decisions. The bond market is experiencing uncertainty, partly due to a lackluster bond auction and the Fed's current blackout period, which restricts officials from commenting on future monetary policy moves.