U.S. Treasury yields were little changed on Tuesday as investors looked to fresh economic data and the start of the Federal Reserve’s September meeting.
U.S. Treasury yields were little changed on Tuesday as investors looked to fresh economic data and the start of the Federal Reserve's two-day September meeting.
At 2:48 a.m. ET, the yield on the 10-year Treasury was up by less than one basis point to 4.3246%. The 2-year Treasury yield was last trading less than one basis point lower at 5.0624%.The Federal Reserve is expected to announce its next interest rate policy decision on Wednesday, when its September meeting draws to a close. Markets are widely expecting rates to be kept unchanged.
However, uncertainty remains about what the monetary policy path may look like beyond that. Comments from the Fed released alongside its interest rate decision and made in the subsequent press conference will therefore be key for investors who hope to gain insights about the outlook for rates. Further rates hikes are still a possibility, several Fed officials have indicated in recent weeks, pointing to economic data as a key factor. Recent data has suggested
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