As treasury yields climbed on Monday, investors geared up for significant inflation data due later this week. The ongoing geopolitical tensions in the Middle East have added an extra layer of uncertainty to the markets. Traders are particularly focused on the upcoming consumer and producer price index reports, while expectations surrounding Federal Reserve rate hikes have eased slightly. Moreover, upcoming Treasury auctions could have a critical impact on bond pricing.

As treasury yields climbed on Monday, investors geared up for significant inflation data due later this week. The ongoing geopolitical tensions in the Middle East have added an…

(Bloomberg) -- Government bonds in Asia Pacific followed Treasuries lower as a rally in oil prices revived inflation concerns ahead of key US consumer price data later this week.