USA 10-Year Treasury Bond Yield Shares rose above 4.11% on Monday as investors awaited a series of speeches Fed policy makers.
The 10-year Treasury yield rose about 4 basis points to 4.112%. The rate of return is 2-Year Treasury Bond It rose about 2 basis points to 3.979%.
Yields and prices move in opposite directions. 1 basis point equals 0.01%.
On days without any major economic data releases, market participants are likely to scrutinize comments from Fed officials.
Dallas Fed President Lori Logan, Minneapolis Fed President Neel Kashkari, Kansas City Fed President Jeff Schmid and San Francisco Fed President Mary Daly A speech is expected on Monday as investors await clues on the Fed’s monetary policy outlook.
Fed Governor Christopher Waller explain It said last week that future interest rate cuts would not be as deep as September’s steep cut, expressing concerns that the U.S. economy could still be running at a faster than expected pace.
“While we don’t want to overreact to this data or look at it too closely, I think the overall data suggest that monetary policy should be more cautious in the pace of rate cuts than it was at the September meeting,” Waller said on Oct. 14, citing recent employment data. , inflation, gross domestic product and income reports.
The Federal Open Market Committee took an unusual step Last month it lowered the benchmark interest rate by half a percentage point, or 50 basis points, to a target range of 4.75% to 5%.
—CNBC’s Jeff Cox contributed to this report.
