U.S. Treasury yields fell on Monday morning, with investor give attention to minutes from the Federal Reserve’s newest assembly, as a result of be printed on Wednesday.
The yield on the benchmark 10-year Treasury notice fell 3 foundation factors to 1.263% at 3:55 a.m. ET. The yield on the 30-year Treasury bond gave up practically 3 foundation factors, falling to 1.921%. Yields transfer inversely to costs and one foundation level is 0.01%.
Treasury yields fell sharply on Friday, after information confirmed U.S. shopper confidence fell in August to its lowest level since 2011.
Buyers’ focus this week will doubtless be on the Fed’s newest assembly minutes, as they seek for any clues as to when the central financial institution may begin paring again its asset purchases.
There are not any main information releases due out on Monday.
Auctions are as a result of be held on Monday for $51 billion of 13-week payments and $48 billion of 26-week payments.