U.S. Treasury yields fell Tuesday as investors looked to remarks from Fed speakers and inflation data that could provide hints about the economic outlook.
Yields and prices have an inverted relationship. One basis point equals 0.01%.
Fed officials including Fed Governor Philip Jefferson and New York Fed President John Williams are expected to give remarks on Tuesday. Investors will be scanning their comments for insights into the central bank's expectations for the U.S. economy and what that could mean for interest rate policy decisions.Investors are also bracing themselves for the latest consumer and producer price index reports, which are due on Wednesday and Thursday, respectively.
The data could provide fresh hints about the Fed's next policy moves, especially regarding interest rates, which Fed Chairman Jerome Powell said last week would be data-dependent., the central bank indicated that its rate-hiking campaign may be coming to an end. Rate cuts are, however, unlikely to be announced soon, Powell said in a post-meeting press conference, sparking concerns about elevated rates dragging the U.S. economy into a recession.
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