US Treasury yields rise ahead of two-day Fed meeting
- Markets around the world remain on edge during Monday’s session, as concerns over trade and an upcoming meeting by the U.S. FOMC take center stage.
- The quarterly financial report is due out at 10 a.m. ET.
U.S. government debt prices were lower on Monday.
The yield on the benchmark 10-year Treasury note was higher at around 2.862 percent at 6:20 a.m. ET, while the yield on the 30-year Treasury bond was higher at 3.096 percent. Bond yields move inversely to prices.
Markets around the world remain on edge during Monday’s session, as concerns over trade and an upcoming meeting by the U.S. Federal Open Market Committee (FOMC) take center stage.
Forty-five U.S. trade associations — which represent some of the biggest firms in the country — have urged President Donald Trump to not inflict tariffs on China, stating in a letter that this would likely be “particularly harmful” to both U.S. consumers and the economy; Reuters reported. G-20 financial leaders are due to meet in Argentina on Monday, where trade will likely be top of the agenda.
Investors are looking ahead to this week’s two-day Federal Open Market Committee (FOMC) meeting — which is to be headed up by newly-appointed Chair Jerome Powell. The central bank is expected to raise interest rates for the first time in 2018.
Atlanta Fed President Raphael Bostic will be in Miami on Monday to speak at the National Interagency Community Reinvestment Conference.
Not a Scientific Survey. Results may not total 100% due to rounding.
The quarterly financial report is due out at 10 a.m. ET.
The U.S. treasury is set to auction $51 billion in 13-week bills and $45 billion in 26-week bills. The size of a four-week bills auction, due to take place Tuesday, will also be announced.
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