U.S. Treasury yields were slightly lower on Tuesday, with the market in a holding pattern and consolidating moves, as investors awaited the Federal Reserve’s interest decision expected on Wednesday.
U.S. data showing private payrolls increased by an average of 14,250 jobs in the four weeks ending October 11 weighed modestly on yields. ADP said on Tuesday it would publish a weekly preliminary estimate of the ADP National Employment Report every Tuesday effective October 28, based on its high-frequency data.
U.S. consumer confidence data was also released, showing a slightly above consensus figure, though the report had little impact on Treasuries.
US bond yields edge lower as Fed rate decision looms
Markets are holding steady ahead of the Federal Reserve’s interest rate decision on Wednesday. Investors are anticipating a 25 basis point rate cut. Recent US data on consumer confidence and private payrolls showed minimal impact on…
