Treasury Yields Remain Steady as Investors Await Fed Policy Decision

U.S. Treasury yields held steady on Monday, as investors focused on the impending Federal Open Market Committee (FOMC) meeting scheduled for Wednesday. The 10-year yield edged up three basis points to reach 4.37%, while the 2-year yield moved closer to the Fed Funds Rate at 3.85%. Market expectations are leaning towards a 25 basis point rate cut by the Fed, with the CME FedWatch tool indicating above 96% probability of such action. 10-year Treasury yields’ steady nature suggests investor optimism.