Treasury yields muted ahead of Federal Reserve's interest rate decision this week

Treasury yields were steady at the start of a week widely anticipated to see an interest rate cut from the Federal Reserve.

The yield on the benchmark 10-year Treasury

was up 1 basis point, trading at 4.068%. On Friday, it had rebounded by 5 basis points, after touching the 4% level earlier in the week when data prints showed prices were rising while the labor market was weaker than anticipated.

The yields on the 2-year and 30-year Treasuries were also little changed on Monday, trading at 4.107% and 4.683%, respectively.

One basis point equals 0.01%, and bond yields and prices move in opposite directions.

Treasury yields muted ahead of Federal Reserve's interest rate decision this week

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