The 10-year U.S. Treasury yield was flat on Monday morning, while the 2-year yield slipped slightly.
The 10-year U.S. Treasury yield was flat early on Monday following the long Easter weekend, while the 2-year yield was marginally lower.
The benchmark rate was trading around 4.2004% at 4:25 a.m. ET. The yield on the 2-year Treasury note was 2 basis points lower at 4.5972%.Markets are reacting for the first time to the Bureau of Economic Analysis' personal consumption expenditures reading for February — the Fed's preferred inflation gauge — released on Friday. Excluding food and energy,The figures will likely add to the belief that the Federal Reserve will hold off on cutting rates at its next meeting.
His comments come amid a growing sense that the Fed could keep rates at their current level for longer than expected.on Thursday that the likelihood of one or no Fed interest rate cuts this year was looking "pretty good." Blitz said markets would continue to march higher, however, even if the Fed decides not to impose any interest rate cuts this year."I'm not saying that they have to go back to zero, but they have to be more aggressive," the firm's chief market strategist told CNBC's "" on Thursday. "One of the most aggressive topics that I talk to clients about is how bad the incoming data is.
There will be 13-week and 26-week Treasury auctions on Monday, as well as the ISM manufacturing figures for March and construction spending for February.
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