Treasury yields are falling ahead of inflation figures later this week

US Treasury yields were slightly lower on Monday as traders continued to process strong data in the latest jobs report and look ahead to inflation data to be released later this week.

The 10-year Treasury yield fell by about a basis point to about 3.0878%, while the 30-year Treasury yield also fell by a basis point to 3.2539%. Yields move inversely to prices and a basis point equals 0.01%.

Investors look ahead to key inflation figures this week. The June consumer price index will be released on Wednesday and is expected to push headline inflation, including food and energy, above May’s 8.6% level.

Also on the data side, the June producer price index will be released Thursday and the University of Michigan consumer confidence report for July will be released Friday. There will be no major data releases on Monday.

On Friday, investors took in the June employment report, which showed that jobs grew faster than expected. Nonfarm payrolls rose 372,000 last month, according to the Bureau of Labor Statistics. Economists predicted the US economy would add 250,000 jobs, according to the Dow Jones.

Yields rose after the release Friday and the report is likely to keep the US Federal Reserve more aggressive with its rate hike path.

— Tanaya Macheel, Carmen Reinicke and Jeff Cox of CNBC contributed to this report.

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