U.S. Treasury yields fell on Monday as investors awaited the release of key economic data and looked to the Federal Reserve’s meeting scheduled for the week.
At 4:38 a.m. ET, the yield on the 10-year Treasury was down by over three basis points to 4.1666%. The 2-year Treasury yield was last at 4.3729% after falling by more than one basis point.
Yields and prices move in opposite directions. One basis point equals 0.01%.
Investors awaited the Federal Reserve’s July meeting and key data from the labor market slated for the week.
The Fed’s meeting is set to kick off Tuesday and conclude Wednesday with an interest rate announcement and the release of fresh monetary policy guidance.
Rates are widely expected to remain unchanged, but investors are hoping for clues about when rate cuts will begin and how many will take place this year. They will therefore be closely watching any policy guidance released by the central bank and the post-meeting…
