U.S. Treasury yields fell Tuesday as the Federal Reserve meeting is set to begin, with investors awaiting the central bank’s monetary policy decision and key economic data.
The yield on the 10-year Treasury was down 3 basis points at 4.437%. The 2-year Treasury yield was last at 4.845% after falling by four basis points.
Yields and prices move in opposite directions. One basis point equals 0.01%.
The June Federal Reserve meeting is set to begin Tuesday, before concluding with the central bank’s latest interest rate decision and policy guidance on Wednesday.
The Fed is widely expected to keep interest rates unchanged this month, with the first rate cut being priced in for later this year. Questions remain about when this cut could take place and if it will be followed by more cuts. Investors will be closely watching comments and guidance from the Fed for fresh hints about the policy outlook.
Also on Wednesday, the consumer price index for…
