U.S. Government Debt Price It rose as investors waited for contact from Federal Reserve Board Chairman Jerome Powell on Wednesday morning.
Benchmark yield around 1:30 am on ET 10-year government bond 8 basis points lower to trade at 1.3328%, 30-year government bond It traded at 1.8685%, down 11.5 basis points. Yield is inversely proportional to price.
US government debt yields recovered slightly on Tuesday as the Evergrande-led sale was eased.
The focus of this Wednesday is what Jerome Powell says at 2:30 pm Eastern Standard Time after a two-day meeting at the Central Bank.Investors are looking Potential tapering details By the end of the year.
On the data side, there are existing home sales at 10am EST.
Meanwhile, money managers are also digesting the news that House has passed the bill. Avoid government closure And we will suspend the debt cap until December 2022.
US Treasury yields lower ahead of Fed decision
Source link US Treasury yields lower ahead of Fed decision