Treasury yields fall as investors look ahead to speech by Fed's Powell

U.S. Treasury yields fell on Tuesday as investors looked toward a speech by Federal Reserve Chair Jerome Powell, which could offer more insights about future monetary policy decisions.

The 10-year Treasury

fell more than 3 basis points to a one-month low of 4.017%, while the 2-year Treasury yield was almost 5 basis points lower at 3.478%. The longer maturity 30-year Treasury yield fell over one basis point to 4.615%.

One basis point is equal to 0.01% and yields and prices move in opposite directions.

The Fed’s Powell is scheduled to deliver remarks at the NABE annual meeting in Philadelphia later in the day.

Treasury yields fall as investors look ahead to speech by Fed's Powell

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