U.S. Treasury yields edged lower on Monday as investors expected a busy week with delayed economic data.
4:55 a.m. ET; 10 year treasury The yield fell more than 2 basis points to 4.125%. The two-year bond yield fell 1 basis point to 3.598%. The yield on the 30-year Treasury note fell 2 basis points to 4.726%.
One basis point equals 0.01%, and yields and prices move in opposite directions.
Last week, US President Donald Trump signed a funding bill to end the longest collapse of the US government in history, which lasted a total of 43 days.
Investors faced an economic data blackout during the government shutdown, but a number of delayed reports are expected to be released this week. These are intended to provide investors with a clearer picture of the health of the U.S. economy and insight into the Federal Reserve’s interest rate decisions in December.
Most importantly, the Bureau of Labor Statistics will release its September nonfarm payrolls report on Thursday, the first economic data not released during the government shutdown.
Other releases have been delayed, including August construction spending on Monday and August trade balance on Wednesday.
Investors will also be keeping an eye on Thursday’s FOMC meeting minutes, which should provide further clarity on interest rate trends in December.
