Treasury yields are little changed as traders await Fed decision

U.S. Treasury yields were little changed on Tuesday as investors digested the latest jobs and employment data and awaited the Federal Reserve’s interest rate decision this week.

The 10-year Treasury yield fell less than 1 basis point to 4.168%. The 30-year Treasury yield slid by 2 basis points to 4.796%, while the 2-year Treasury yield rose more than a basis point to 3.598%.

One basis point is equivalent to 0.01%, and yields and prices share an inverse relationship.

The Job Openings and Labor Turnover Survey recorded 7.67 million for October, well above the 7.2 million that economists polled by Dow Jones anticipated.

Market participants are expecting that the Fed will lower its benchmark interest rate at its final meeting of the year.

Treasury yields are little changed as traders await Fed decision

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