Treasury yields declined early Monday in rangebound trade, as investors awaited a crucial week that includes a Federal Reserve policy decision, details on the U.S. government’s first-quarter borrowing needs and a December jobs report. Investors are also keeping a close eye on the situation in the Middle East, after the U.S. vowed to retaliate for a weekend drone attack that killed three U.S. troops in Jordan, marking a significant escalation in tensions.
See: Biden vows retaliation after 3 Americans killed, dozens wounded in drone attack by Iran-backed militia in JordanYield moves
The yield on the 2-year Treasury note
BX:TMUBMUSD02Y
after ending last week at 4.365%. Yields and debt prices move opposite each other.
The 10-year Treasury note
BX:TMUBMUSD10Y
yielded 4.104%, down from 4.159% at 3 p.m. ET on Friday.
The yield on the 30-year Treasury bond
BX:TMUBMUSD30Y
declined to 4.343% versus 4.388% late Friday.
Market drivers On Monday, the U.S. Treasury Department is set to reveal its revised forecast for first-quarter borrowing and a preliminary estimate of its second-quarter needs. That announcement will be followed with an auction schedule and other details on Wednesday. See: Wall Street is counting on Treasury’s borrowing needs to trend lower between now and June The Fed will conclude a two-day policy meeting on Wedn …
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See: Biden vows retaliation after 3 Americans killed, dozens wounded in drone attack by Iran-backed militia in JordanYield moves
The yield on the 2-year Treasury note
BX:TMUBMUSD02Y
after ending last week at 4.365%. Yields and debt prices move opposite each other.
The 10-year Treasury note
BX:TMUBMUSD10Y
yielded 4.104%, down from 4.159% at 3 p.m. ET on Friday.
The yield on the 30-year Treasury bond
BX:TMUBMUSD30Y
declined to 4.343% versus 4.388% late Friday.
Market drivers On Monday, the U.S. Treasury Department is set to reveal its revised forecast for first-quarter borrowing and a preliminary estimate of its second-quarter needs. That announcement will be followed with an auction schedule and other details on Wednesday. See: Wall Street is counting on Treasury’s borrowing needs to trend lower between now and June The Fed will conclude a two-day policy meeting on Wedn …nnDiscussion:nn” ai_name=”RocketNews AI: ” start_sentence=”Can I tell you more about this article?” text_input_placeholder=”Type ‘Yes'”]