treasury yields ticked higher early monday as traders anticipate the us federal reserves next moves in the face of persistently high inflation the yield on the 2year treasury bond rose 1 basis point to trade at 38713 at 245 am et it comes after the yield last week climbed above 39 a level last seen in november 2007 the yield on the 10year treasury meanwhile was less than a basis point higher at 34554 yields move opposite to prices one basis point is equivalent to 001 the feds twoday meeting is due to begin tuesday with most market participants expecting another 75basispoint hike by the central bank some analysts have however argued the fed could increase interest rates by a full point or 100 basis points it comes after inflation rose more than expected in august the consumer price index increased 01 for the month and 83 over the past year higher than economists expected the data has led investors to expect the fed to double down on higher interest rates for longer until prices fall monday will see an auction of 13week and 26week treasury bills no major data releases are due cnbcs jeff cox and jesse pound contributed to this report