Investors Analyze Economic Outlook and Policy, Affecting Treasury Yields and Bond Market.

US Treasury yields fell slightly as investors considered the outlook for the economy and central bank interest rates ahead of the Federal Reserve's meeting on June 13 and 14. Recent economic data suggested resilience in the economy, including continued strength in the labor market, which eased recession concerns but also prompted some investors to believe further rate hikes were likely. Around a quarter of traders believe the Fed will increase rates when it meets next week, according to the CME FedWatch tool.