US Treasury bond yields fell Monday morning, with investor attention focused on the Fed’s two-day monetary policy meeting this week.
The benchmark ten-year Treasury yield fell 5 basis points to 1.233% at 3:30 a.m. ET. The yield on the 30-year government bond fell 5 basis points to 1.872%. The returns move inversely to the prices.
The two-day meeting of the Federal Reserve’s Open Market Committee is due to begin Tuesday, with a policy statement on Wednesday afternoon.
On Monday, the US Department of Housing and Urban Development will release new data on home sales at 10 a.m. ET. The Federal Reserve Bank of Dallas will then release its monthly business activity index for Texas manufacturing at 10:30 am ET.
On Monday auctions for 54 billion
– CNBC’s Tanaya Macheel contributed to this market report.