U.S. Treasury yields rose as investors looked ahead to the Fed monetary policy meeting next week, where officials will announce an interest rate decision.
Some investors saw this as a hint that elevated rates are having the impact desired by the Fed and are cooling the economy, including the job market, prompting them to believe that the Fed would not
hike rates further next week. According to theFurther data points are expected before the Fed makes its decision, including May's consumer inflation report on Tuesday. No key data is scheduled for Friday.
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