Treasury Yields Turn Higher

1025 ET – Bond yields reversed earlier declines and headed higher. The yield on the benchmark 10-year U.S. Treasury note rose to 3.428%, from 3.382% Friday. The two-year yield moved to 4.004% from 3.970%. Investors have a heavy set of data incoming in the back half of the week: The consumer-price index for March is due Wednesday, and the latest producer prices will be released Thursday. (caitlin.mccabe@wsj.com)

Treasury Yields Decline Ahead of Inflation Data

0826 ET – Treasury yields decline as markets absorb Friday’s payrolls data indicating a cooling, but still hot, labor market. The 10-year trades at 3.374% and the two-year at 3.945%. CPI data Wednesday are expected to show core inflation slowing a little to 0.4% in March from February’s 0.5%, while the 12-month reading ticks up to 5.6% from 5.5%, according to economists polled by WSJ. Markets are increasingly backing in a 25-basis point hike in May. “Overall, consensus remains negative with expectation of earnings contraction, credit contraction, a [labor] market that’s a lagging indication, and recession to come,” AmeriVet’s Gregory Faranello says in a note. (paulo.trevisani@wsj.com; @ptrevisani)