10-year Treasury yield falls as investors consider state of U.S. economy

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10-year Treasury yield falls as investors consider state of U.S. economy
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U.S. Treasury yields fell on Tuesday as investors assessed the outlook for the economy and monetary policy as they awaited comments from Fed officials.

U.S. Treasury yields fell on Tuesday as investors assessed the outlook for the economy and monetary policy as they awaited economic data and comments from Federal Reserve officials.Yields and prices move in opposite directions and one basis point equals 0.01%.

This week is light on the data front, but there will be comments from various Fed policymakers, including Chairman Jerome Powell, on Wednesday and Thursday.despite rates being elevated for some time now. Powell did not take the option for further interest rate increases off the table and said rate cuts were not being discussed yet.

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