As investors anticipate new inflation information, treasury yields increase.

On Tuesday, U.S. Treasury yields increased as investors anticipate the release of new inflation data later this week.

The 10-year and 2-year Treasury yields increased by more than 3 and 1 basis points, respectively.

Prices and yields move in opposite directions, with one basis point equal to 0.01%.

This week's major economic release is the publication of the consumer price index for November, which investors are eagerly anticipating.

According to a poll by Dow Jones, economists predict that headline inflation will have increased by 0.3% in November and 2.7% over the past year.

The CPI, which will be the last reading before the Federal Reserve's Dec. 17-18 meeting, is eagerly awaited by investors as it could impact interest rate decisions.

The Fed is currently in a blackout period and is restricted from publicly speaking prior to a Federal Open Market Committee meeting, so fed officials will not be providing any commentary regarding the central bank's next move.

The upcoming release is vital, as it is likely the final significant component before the Fed's policy decision next week, where a rate cut is now predicted with an 86% probability, according to Deutsche Bank analysts.

The producer price index for November, will be published on Thursday.

On Wednesday, mortgage data is due, while the National Federation of Independent Business will release its small business survey on Tuesday morning.