US Treasury yields stabilized on Monday as markets reopened after a short trading day on Friday and investors awaited economic data that could impact the Federal Reserve’s monetary policy.
At 3:47 a.m. EDT, the yield on the 10-year Treasury note rose less than one basis point to 4.4861%. The yield on two-year Treasury bonds rose less than one basis point to 4.9633%.
Yields and prices move in opposite directions. One basis point equals 0.01%.
Lockers
tape | a company | fruit | It changes |
---|---|---|---|
US1M | United States Treasury for one month | 5.426% | +0.018 |
US3M | US Treasury for 3 months | 5.457% | +0.033 |
US6M | US Treasury for 6 months | 5.479% | +0.002 |
US1Y | US 1 Year Treasury | 5.325% | +0.043 |
US2Y | United States Treasury for two years | 4.963% | +0.004 |
US10Y | United States Treasury for 10 years | 4.494% | +0.01 |
US30Y | United States Treasury for 30 years | 4.621% | +0.004 |
The October PCE price index, due for release on Thursday, is the central bank’s preferred measure of inflation and can indicate whether pressures from rising prices are easing.
New home sales data for October and the Dallas Fed manufacturing index are expected on Monday.
Investors will carefully scan the data for hints about the state of the economy and whether it is cooling down as interest rates remain high. This comes as markets widely expect the Fed to raise interest rates but are unsure about when rates might be cut.
Fed policymakers have so far given little indication about how long interest rates will remain high. Several central bank officials, including Chairman Jerome Powell, are scheduled to make remarks this week.
There is still one Fed policy meeting on the schedule this year, and investors will be hoping for some clarity on the outlook for interest rates after that. Minutes from the Federal Reserve’s latest meeting were released last week and indicated that potential interest rate cuts were not discussed.