US Treasury yields fell Monday morning, with investors turning their attention to the inflation data release and Federal Reserve Chairman Jerome Powell’s testimony later this week.
The benchmark ten-year government bond yield fell 2 basis points to 1.334% at 3:45 a.m. ET. The yield on the 30-year government bond fell 1 basis point to 1.963%. The returns move inversely to the prices and 1 basis point corresponds to 0.01 percentage points.
The June inflation rate for the United States is due to be released on Tuesday.
In the meantime, Powell will present his biannual monetary policy report to the US House of Representatives and the US Senate on Wednesday and Thursday.
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No major business news will be published on Monday.
Auctions are scheduled to be held Monday for $ 54 billion 13-week notes, $ 51 billion 26-week notes, $ 58 billion 3-week notes and $ 38 billion 10-year notes.