U.S. Treasury yields edged lower as investors awaited economic data this week and comments from Fed officials.

U.S. Treasury yields were little changed on Monday (20th) as investors looked forward to the latest economic data and comments from Federal Reserve officials this week.

U.S. Treasury yields were little changed on Monday (20th) as investors looked forward to the latest economic data and comments from Federal Reserve officials this week.
The 210-year Treasury yield fell 0.6 basis points to 4.414% at 5:40 a.m. ET.
The 2-year Treasury yield fell 0.9 basis points to 4.816%.
Yields and prices move in opposite directions.
1 basis point equals 0.01 percentage point.
Investors await the latest economic data and comments from Federal Reserve officials as they weigh the outlook for economic conditions and interest rates.
Data on used and new home sales and durable goods orders will be released this week.
The minutes of the Federal Reserve\’s latest meeting will also be released and investors will parse them to get the latest insights on thinking about the economy and monetary policy.
The Fed kept interest rates steady at its last meeting and said it would not cut rates until policymakers are more confident that inflation will fall to its 2% target.
Afterwards, key inflation data were released one after another.
Last week\’s April consumer price index (CPI) came in slightly below expectations at 0.3% on month; the full-year CPI figure was in line with expectations of 3.4%.
April\’s producer price index (PPI) came in slightly higher than previously expected.
Investors are also looking for clues from policymakers on when and how often they will cut interest rates this year, several of whom are set to speak this week.
Fed officials in recent weeks have broadly echoed the sentiments expressed at the last meeting.

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