This week saw mixed moves in US Treasury yields, with the CPI set to be released next week

On February 8th, the yield of U.S. Treasury bonds closed a turbulent week with mixed trends. The tariff threat gave rise to concerns about a short-term increase in inflation and subsequent slowdown in economic growth. Forecasters have been trying to estimate the impact of tariffs on prices. However, the on-and-off approach of the Trump administration has made this task difficult. Next week, January CPI and PPI will be released, with little expected change. Futures markets indicate that the bets on the Fed cutting rates multiple times this year are decreasing. The 10-year Treasury bond yield fell this week, while the 2-year Treasury bond yield rose.