U.S. Treasury yields fell on Monday morning, with investors looking ahead to scheduled speeches from Federal Reserve Chairman Jerome Powell.
The yield on the benchmark 10-year Treasury note fell by 1 basis point to 1.449% at 3:45 a.m. ET. The yield on the 30-year Treasury bond gave up nearly 1 basis point, falling to 1.978%. Yields move inversely to prices and 1 basis point is equal to 0.01%.
TREASURYS
TICKER COMPANY YIELD CHANGE %CHANGE
US3M U.S. 3 Month Treasury 0.043 0.008 0
US1Y U.S. 1 Year Treasury 0.084 0.005 0
US2Y U.S. 2 Year Treasury 0.284 0.01 0
US5Y U.S. 5 Year Treasury 0.976 0.018 0
US10Y U.S. 10 Year Treasury 1.478 0.017 0
US30Y U.S. 30 Year Treasury 2 0.013 0
Treasury yields eased back slightly on Monday, having risen last week after the Fed hinted that it may soon taper its asset purchasing program.
Fed Chairman Jerome Powell is due to speak before the U.S. Senate on Tuesday and then at the European Central Bank Forum on Wednesday. Investors will likely be listening in for further clues as to when the Fed plans to reduce its bond-buying program.
On Monday, Fed Governor Lael Brainard is due to speak about the economic outlook at the 63rd National Association for Business Economics annual meeting at 12:50 p.m. ET.
August’s durable goods orders data is due out at 8:30 a.m. ET.
