U.S. Treasury yields were higher on Monday as investors looked ahead to the Federal Reserve’s monetary policy meeting and key inflation data due this week.
The yield on the 10-year Treasury was up nearly 4 basis points at 4.465%. The 2-year Treasury yield was 1 basis point higher at 4.883%.
Yields and prices move in opposite directions. One basis point equals 0.01%.
Due this week are the latest Federal Reserve interest rate decision and policy guidance, as well as fresh key economic data, including inflation data.
The Fed is due to meet Tuesday and Wednesday, and is widely expected to leave interest rates unchanged at the conclusion of its meeting. The same holds true for the Fed’s July meeting, and traders were last pricing in a 50% chance of rates being cut in September, according to CME Group’s FedWatch Tool.
Investors will, however, be closely following guidance issued by the central bank this week, as well as the post-meeting press…
