2-year Treasury yield inches higher as Fed meeting is set to begin

U.S. Treasury Yields Little Changed as Investors Await Economic Data and Fed Meeting #

U.S. Treasury yields remained largely unchanged on Tuesday as investors turned their attention to upcoming economic data and the Federal Reserve’s July meeting. The yield on the 10-year Treasury saw a minimal increase of less than one basis point to 4.1860%, while the 2-year Treasury rose slightly by over one basis point to 4.3998%. The Fed meeting is expected to start on Tuesday and conclude with a monetary policy announcement and press conference by Chairman Jerome Powell on Wednesday. Market expectations point to the central bank keeping interest rates unchanged, with investors hoping for indications about possible rate cuts. Several labor market data releases are anticipated this week, including job openings figures for June and consumer confidence insights for July. Additionally, market participants are looking forward to the release of ADP’s private payrolls report and the July jobs report, which incorporates nonfarm payrolls and unemployment data.