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U.S. Treasury yields fell on Monday but held in a tight trading range as investors waited on highly anticipated Consumer Price Index (CPI) data for April due on Wednesday, which analysts say will be key for Federal Reserve policy for the rest of this year. Weaker-than-expected jobs growth in April then led investors to reignite bets for two 25 basis point cuts this year, but that view is heavily dependent on inflation softening. "It is difficult to overstate the importance of CPI for the Fed between now and the end of the year," said Ian Lyngen, head of U.S. rates strategy at BMO Capital Markets in New York.