10-year US Treasury yields climbed slightly to stay above 1.6% Tuesday morning ahead of the Federal Reserve’s first policy meeting later in the day.
The yield on the benchmark 10-year Treasury bill rose to 1.607% at 5 a.m. ET. The yield on the 30-year government bond fell to 2.357%. Revenues move inversely with prices.
Investors will pay close attention to the Fed’s meetings to see if the US central bank is adjusting its interest rate outlook or how quickly it could reverse its bond buying program.
Fed Chairman Jerome Powell will hold a press conference on Wednesday afternoon after the second meeting.
Meanwhile, retail sales for February appear at 8:30 a.m.ET, along with import and export prices for that month. Industrial production data for February is then expected at 9:15 a.m.ET, followed by company inventory data for January at 10 a.m. ET.
The March NAHB housing market index will come out at 10 a.m. ET.
Auctions will be held Tuesday for $ 35 billion in 42-day bonds and $ 24 billion in 19-year 11-month bonds.