U.S. government bond yields are edging lower Wednesday morning ahead of the conclusion of the Federal Reserve's policy meeting which could help to set the...
U.S. government bond yields were edging lower Wednesday morning ahead of the conclusion of the Federal Reserve’s policy meeting which could help to set the tone for inflation expectations for fixed-income investors.
Yields for benchmark U.S. government debt have mostly drifted lower in the face of data that has increasingly reflected an economy recovering from the coronavirus pandemic. In fact, the 10-year Treasury, used to set rates for everything from car loans to mortgages, is down from around 1.62% at the conclusion of the Fed’s last meeting near the end of April, FactSet data show.
Some analysts have attributed the decline in yields to growing appetite for Treasurys outside the U.S. and money-market funds hankering for richer yields in world where yields at or near 0% have become more prevalent. The Fed will release its updated policy statement and interest-rate projections at 2 p.m. Eastern Time and a Q&A fielded by Chairman Jerome Powell will be take place a half-hour later.
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