Treasury yields fell on Tuesday as market participants looked ahead to housing and employment figures, alongside the Fed's upcoming rate decision.
01Summary
- 01The 10-year yield dropped 2 basis points to 5.114%, and the 30-year bond also fell 2 basis points to 5.45%.
- 02The 2-year note yield was largely unchanged at 4.757%.
- 03Investors await housing starts and pending home sales data for September, plus weekly ADP employment figures.
- 04Weekly jobless claims are due Thursday, and the S&P Global Composite PMI Flash is out on Friday.
- 05Traders price in an 82% chance of the Fed keeping interest rates steady, per the CME FedWatch Tool.
02Why it matters
The moves in bond yields indicate market expectations about future interest rates and economic health, which affect mortgage rates and borrowing costs for households and businesses.
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