Treasury yields fall as investors look to Fed meeting

US Treasury yields have declined ahead of the Federal Reserve policy meeting and upcoming economic data. The 10-year Treasury yield dropped by over two basis points to 4.6445%, while the 2-year Treasury yield was down more than one basis point to 4.9830%. The Federal Reserve meeting is expected to deliver an interest rate decision and policymakers’ discussions on Wednesday. Investors will be monitoring policy guidance regarding the number of rate cuts anticipated this year. Recent data indicates economic resilience and persistent inflationary pressures. Key data releases scheduled for the week include JOLTs job openings, ADP’s private payrolls report, and the April jobs report.