US Treasury bond yields rose slightly on Monday morning before the Federal Reserve policy meeting and inflation data were released later in the week.
The benchmark 10-year Treasury note yield rose to 1.579% at 4 a.m. ET. The yield on the 30-year government bond rose to 2.254%. The returns move inversely to the prices.
The Fed will meet on Tuesday and Wednesday with investors looking for clues about the future direction of central bank policy. Fed Chairman Jerome Powell will hold a press conference Wednesday afternoon to discuss the Federal Open Market Committee’s decision.
The March personal consumer spending index, a measure of inflation, is expected to be released on Friday.
On Monday, the number of durable goods ordered in March will be published at 8:30 a.m. CET.
Auctions will be held on Monday for $ 57 billion worth of 13-week notes, $ 54 billion worth of 26-week notes, $ 60 billion worth of 2-year notes, and 5-year notes – $ 61 billion worth of bonds held.
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