Bond Report: 10-year Treasury yield nears 2.8% ahead of U.S. inflation data

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Treasury yields were mostly slightly higher early Tuesday as investors awaited data that’s expected to show U.S. inflation in March continuing to run red hot.

What are yields doing?
What’s driving the market?

The U.S. March consumer price index, or CPI, reading is due at 8:30 a.m. ET. Economists surveyed by The Wall Street Journal expect the data to show a 1.1% monthly rise, which would put the year-over-year rate at 8.4%, up from 7.9% in February.

Core…