(Reuters) - Inflation was a predominant theme for traders, as the market braced for a $6 billion auction of 10-year Treasury Inflation Protected Securities at 1 p.m. .Persistently high inflation readings have put back bond investors' expectations for Federal Reserve interest rate cuts and last week helped push benchmark yields to their highest levels since February.
Over the near term, an indecisive Treasury market seemed likely to range trade, analysts said.
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