US Treasury yields move higher ahead of a Fed meeting

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U.S. government debt prices were lower on Monday, as investors awaited a Federal Reserve meeting later this week.

div > div.group > p:first-child"> At around 3:28 a.m. ET, the yield on the benchmark 10-year Treasury note, which moves inversely to price, was higher at around 2.5997 percent, while the yield on the 30-year Treasury bond was also higher at 3.0214 percent.

On Friday, the yield on the benchmark 10-year Treasury note hit its lowest level since early January. The Federal Reserve will begin its meeting on interest rates on Tuesday, which ends with a news conference on Wednesday. The Federal Reserve is expected to lower their interest rate forecasts — or"dot plots" — to show little or no further tightening in 2019.

On the data front, the calendar is thin with only the Biz leader's survey and the NAHB survey due at 8.30 and 10 a.m. ET, respectively.

 

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