U.S. Treasury yields rose slightly on Monday as investors looked ahead to this week’s Federal Reserve policy meeting.
Benchmark yield 10 year Treasury bill The yield rose just over 1 basis point to 4.2563%. 30 year government bond rose slightly less than 1 point to 4.3339%. Yields move inversely with prices.
Traders are looking forward to this week’s Federal Reserve Board of Governors (FOMC) meeting, keeping an eye on indicators of when policymakers will start cutting interest rates.
Risk sentiment received a boost on Friday as University of Michigan consumer data suggested resilient economic activity and cooling inflation, raising hopes for a much-needed “soft landing” scenario in the US.11 Unemployed after the U.S. jobs report showed an unexpected decline in the month.
Consumer inflation expectations for November are scheduled to be released Monday at 11 a.m. ET.
Auctions on the same day will include $75 billion in 13-week Treasury bills and $68 billion in 26-week bills, as well as $50 billion in three-year bonds and $37 billion in 10-year bonds.