Bond market fluctuates as investors await Fed announcement.
TL;DR Summary
U.S. Treasury yields were lower as investors awaited the Federal Reserve's decision on interest rate hikes and comments from Chair Jerome Powell. Traders have upped bets to 95% that the Fed will hold its benchmark rate steady at 5%-5.25% following the May consumer price index showing annual growth of 4.0%, the lowest since 2021. May's producer price index, a key inflation indicator, will be released Wednesday morning.
- Treasury yields dip ahead of Fed announcement CNBC
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- Treasury Yields Rise Ahead Of Expected Fed Pause The Wall Street Journal
- Japan's 10-year bond yield rises to track US Treasury peers higher Business Recorder
- US five-year treasury yield hits 3 month high of 4.024%. USDJPY moves to new highs. ForexLive
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