Yield on US Treasury Bonds Declines
Investors await data on the housing market and employment
The yield on 10-year US Treasury bonds decreased by 2 basis points to 5.114%, while the yield on 30-year bonds fell to 5.45%. The yield on two-year bonds remained nearly unchanged at 4.757%.
Later, investors will receive data on housing starts and pending home sales for September, as well as the weekly ADP employment change estimate. Initial jobless claims will be released on Thursday, and the preliminary S&P Global Composite PMI will be published on Friday.
According to the CME FedWatch tool, traders estimate an 82% probability that the Federal Reserve will keep interest rates unchanged. Additionally, the latest data on the Personal Consumption Expenditures index—the Fed's preferred inflation measure—is expected to be published.
