US Treasury bond yields eased Monday morning, with investors’ attention focused on the Federal Reserve’s two-day monetary policy meeting this week.
The benchmark ten-year government bond 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.
Auctions are scheduled to be held Monday for $ 54 billion 13-week notes, $ 51 billion 26-week notes, and $ 60 billion 2-year notes.
– CNBC’s Tanaya Macheel contributed to this market report.