GLOBAL MARKETS - Global Equity Index Dips, Yields Rise with Inflation Data in Focus

GLOBAL MARKET - NEW YORK/LONDON, May 28 (Reuters) - A global equities gauge fell slightly on Tuesday while U.S. Treasury yields rose to multi-week peaks as investors waited cautiously for inflation data due later in the week with hopes for clues on the outlook for U.S. interest rates.

U.S. Treasury yields gained ground after a weak auction. They had risen earlier after data showed U.S. consumer confidence unexpectedly improved in May amid optimism about the labor market after deteriorating for three consecutive months.