- 10-year treasury yields traded lower at 3.962% on Tuesday
- The 2-year treasury yield was down by more than two basis points to 4.837%
US treasury yields have fallen as investors await key economic data that could impact the Federal Reserve monetary policies.
US treasury yields fall as investors weigh Federal Reserve monetary policy
Investors on Tuesday pushed the US Treasury Yields down as they anticipate the release of June CPI data, which is set to be released on July 12 at 8:30 Eastern time.
Investors are wary of further interest rates hike that Fed chair Jerome Powell has indicated could be necessary. The Federal Reserve is expected to post two more interest rates hikes. Investors are also on the lookout for other key economic data expected this week, like the wholesale inflation coming n July 13, 2023.
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