U.S. Treasury fell on Monday morning, with investor focus turning to minutes from the Federal Reserve’s final assembly, due out later within the week.
The yield on the benchmark 10-year Treasury notice fell to 1.617% at 4:10 a.m. ET. The yield on the 30-year Treasury bond dipped to 2.336%. Yields transfer inversely to costs.
Buyers shall be conserving a detailed on eye on Fed minutes from the earlier coverage assembly, set to return out Wednesday, for any clues as to the central financial institution’s ideas on inflation.
Information launched final week confirmed that the Shopper Worth Index jumped 4.2% year-on-year in April, stoking fears that the Fed could possibly be pressured to start out tapering its straightforward financial coverage if greater value pressures are sustained.
By way of information out Monday, the NAHB Housing Market Index for Might is about to return out at 10 a.m. ET.
Fed Vice Chair Richard Clarida is because of make a speech on sovereign markets on the Federal Reserve Financial institution of Atlanta Monetary Markets at 10:05 a.m. ET.
Auctions are as a consequence of be held for $57 billion of 13-week payments and $54 billion of 26-week payments.
— CNBC’s Yun Li contributed to this report.