US Treasury Yields Tick Higher as Investors Await Key Central Bank Meetings
U.S. government obligation prices were lower Wednesday morning, as traders looked forward to key central bank meetings. At around 04:30 a.m. ET, the yield on the benchmark 10-year Treasury note, which moves inversely to cost, was higher at around 1.7333%, while the yield on the 30-year Treasury bond was also higher at around 2.2155%.
Market participants are probably going to closely screen a flurry of central bank meetings over the coming days, with numerous investors seeking after further easing in the midst of a slowdown in worldwide development.
The European Central Bank (ECB) will meet on Thursday, with policymakers seen as liable to announce a bundle that could include a rate cut.
The U.S. Central bank will meet one week from now, on September 18, with the Bank of Japan scheduled to conclude its strategy meeting the next day.
On the information front, producer value file (PPI) and Core PPI information for August will be released at around 8:30 a.m. ET. Wholesale exchange information for July will be released slightly later in the session.
The U.S. Treasury is set to auction $24 billion out of 9-year and 11-month notes on Wednesday.
