U.S. Treasury yields edged lower on early Tuesday’s trade as investors waited for the Federal Reserve to start it’s two-day get-together where the central bank may reinforce its messaging that it will continue to support the economy through the pandemic.
What are Treasurys doing?
The 10-year Treasury note yieldBX:TMUBMUSD10Y fell 0.7 basis point to 1.600%, while the 2-year note rateBX:TMUBMUSD02Y was flat at 0.155%. The 30-year bond yieldBX:TMUBMUSD30Y slipped 1.3 basis points to 2.354%.
What’s driving Treasurys?