treasury yields edged lower tuesday as investors continued to assess the outlook for inflation with may data due at the end of the week what yields are doing   the yield on the 10year treasury note tmubmusd10y was 3019 down from 3037 at 3 pm eastern on monday   the yield on the 2year treasury note tmubmusd02y was 2708 veruss 2733 late monday   yields rose monday with the 2year yield rising to its highest since may 3 based on 3 pm levels and the 10 and 30year yields the highest since may 9 according to dow jones market data expectations about the pace at which the federal reserve will raise interest rates as it attempts to rein in inflation remain the focus for bond investors fed chair jerome powell has said fed funds rate increases of 50 basis points or half a percentage point are on the table for june and july after a halfpoint hike in may the fed this month also began unwinding its nearly 9 trillion balance sheet investors will get a reading on inflation at the end of the week with the release friday of the may consumerprice index economists surveyed by the wall street journal expect the yearoveryear rate to edge down to 82 from 83 in april that would be down from a march reading of 85 a morethan40year high but still highly elevated the core reading which strips out food and energy costs is seen edging down to 59 yearoveryear versus 62 in april us daata due on tuesday include the april foreigntrade balance at 830 am et and april consumercredit figures are set for 3 pm “the us 10yr yield reconquered the psychological 3 barrier after a brief spell north of it early may the key technical reference is the 2018 top at 326” wrote analysts at kbc bank in brussels