U.S. Treasury yields were lower on Monday as investors braced for a busy week that will see voters head to the polls for the U.S. presidential election and the Federal Reserve’s next interest rate decision.
The yield on 10-year Treasury fell more than six basis points to 4.295%. The yield on the 2-year Treasury dipped nearly three basis points to 4.176%.
One basis point equals 0.01%. Yields and prices move in opposite directions.
The moves come a day ahead of federal elections in the United States, including for president. NBC News’ final poll of the election shows a “deadlocked” race between Vice President Kamala Harris and former President Donald Trump.
Control of Congress will also be closely watched by traders, as split power in Washington could make it harder for either presidential candidate to enact their policies.
Monday’s rate moves partially reversed a back-up in yields on Friday, which came despite a weak jobs report. Emily…
