U.S. government debt prices were higher on Monday, as investors digested news from a Federal Reserve meeting and awaited jobless data.
U.S. government debt prices were higher on Monday, as investors digested news from Federal Reserve meeting and awaited jobless data.
div > div.group > p:first-child"> At around 3:10 a.m. ET, the yield on the benchmark 10-year Treasury note, which moves inversely to price, was lower at around 2.5262 percent, while the yield on the 30-year Treasury bond was also lower at 2.9746 percent. On Wednesday, the yield on the benchmark 10-year Treasury note slipped to its lowest level since January 2018 after the Federal Reserve announced a more dovish tone. Jay Powell, the Fed's chair, said the central bank is forecasting no rate hikes in 2019, and that is down from two hikes forecast earlier.On the auctions front, there will be a sale of $35 billion in 8-week bills, $60 billion in 4-week bills and $11 billion in 10-year treasury inflation-protected securities .
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