Treasury yields ease lower ahead of inflation data later this week

U.S. Treasury yields were slightly lower Monday as traders continued to digest the latest jobs report and looked ahead to inflation figures.

was also down a basis point at 3.2539%. Yields move inversely to prices, and a basis point is equal to 0.01%.Investors are looking ahead to key inflation data this week. The June consumer price index will be released Wednesday and is expected to show headline inflation, including food and energy,Also on the data front, the June producer price index is due out Thursday and the University of Michigan consumer sentiment report for July will be released Friday.

Yields jumped Friday after the release with the report likely to keep the U.S. Federal Reserve more aggressive with its rate hiking path.

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