Treasury yields inch higher as investors await Fed's interest rate decision

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U.S. Treasury yields moved higher on Monday as investors looked ahead to the Federal Reserve’s meeting this week where policymakers are widely expected to cut interest rates.

At 5:16 a.m. ET, the 10-year Treasury yield was up 2 basis points to 4.02%, while the 2-year Treasury note yield was 1 basis point higher at 3.501%. The 30-year bond yield also gained 2 basis point to 4.612%.

One basis point is equal to 0.01% and yields and prices have an inverse relationship.

The Fed’s interest rate decision on Wednesday will be the key event this week and investors are anticipating that policymakers will cut interest rates, especially after the Bureau of Labor Statistics released cooler than expected inflation data last week.

Treasury yields inch higher as investors await Fed's interest rate decision

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