Treasury Yields Dip Slightly To Start The Week

The April Chicago Fed National Activity index, which tracks overall economic activity and related inflationary pressures, is due out at 8:30 a.m. ET. Federal Reserve Governor Lael Brainard is set to make a speech on digital currencies at the Consensus by CoinDesk cryptocurrency and blockchain conference at 9 a.m. ET.The April Chicago Fed National Activity index, which tracks overall economic activity and related inflationary pressures, is due out at 8:30 a.m. ET. Federal Reserve Governor Lael Brainard is set to make a speech on digital currencies at the Consensus by CoinDesk cryptocurrency and blockchain conference at 9 a.m. ET.

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U.S. Treasury yields drifted lower on Monday morning, with little economic data due out at the start of the week.

The yield on the benchmark 10-year Treasury note fell to 1.617%. The yield on the 30-year Treasury bond dipped to 2.315%. Yields move inversely to prices.

TREASURYS

TICKER COMPANY YIELD CHANGE %CHANGE
US3M U.S. 3 Month Treasury 0.013 0.008 0.00
US1Y U.S. 1 Year Treasury 0.043 0.00 0.00
US2Y U.S. 2 Year Treasury 0.151 -0.006 0.00
US5Y U.S. 5 Year Treasury 0.808 -0.02 0.00
US10Y U.S. 10 Year Treasury 1.606 -0.026 0.00
US30Y U.S. 30 Year Treasury 2.301 -0.032 0.00

The April Chicago Fed National Activity index, which tracks overall economic activity and related inflationary pressures, is due out at 8:30 a.m. ET.

Federal Reserve Governor Lael Brainard is set to make a speech on digital currencies at the Consensus by CoinDesk cryptocurrency and blockchain conference at 9 a.m. ET.

 

However, investor focus this week will be on the April personal consumption expenditure index, as a measure of inflation, which is due out Friday. Rising inflation has been a concern for markets, with fears that it might force the Fed to tighten its easy monetary policy.

Auctions are due to be held Monday for $57 billion of 13-week bills and $54 billion of 26-week bills.

– CNBC

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