US Treasury bond yields rose slightly on Monday ahead of the Federal Reserve’s political meeting and inflation data due to be released later in the week.
The benchmark 10-year Treasury note yield rose 4 basis points to 1.6%. The yield on the 30-year government bond rose 3 basis points to 2.27%. 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.
Monday’s data showed that capital goods orders recovered less than expected in March. The Commerce Department said orders for non-defense-related capital goods, excluding aircraft, rose 0.9% last month, missing Dow Jones estimates of a 2.2% increase.
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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