Traders work at the New York Stock Exchange on Sept. 24, 2026. <\/p>\n
NYSE<\/p>\n
U.S. Treasury yields were flat on the day Monday as investors look ahead to the central bank’s interest rate decision and await a flurry of economic data this week. <\/p>\n
The benchmark 10-year Treasury<\/a> yield was up around 1 basis point at 4.99%, and the 30-year Treasury<\/a> bond yield was unchanged at 5.31%. The 2-year Treasury<\/a> note yield ticked 2 basis points higher to 4.7%. <\/p>\n One basis point is equal to 0.01%, and yields and prices move in opposite directions.<\/p>\n Investors are keenly anticipating the main event of the week, which will be the Federal Reserve’s interest rate decision on Wednesday. Traders are pricing in an over 90% chance that policymakers will hold interest rates steady at the current target range of 3.75% to 4%, per the CME FedWatch Tool<\/a>.<\/p>\n Deutsche Bank analysts said they expect there to be more interest in Chairman Kevin Warsh’s comments following the decision, with focus on how the Fed “balances still-elevated inflation and solid growth against the recent tightening in financial conditions.” <\/p>\n “The broader message is still likely to be hawkish: our economists think recent inflation data support the case for further tightening over time, even if the Fed chooses to pause this week,” the analysts said in a Monday note. <\/p>\n They added that Warsh is expected to clarify that tight financial conditions are not a substitute for higher policy rates. <\/p>\n Investors will also closely monitor the personal consumption expenditures index, the Fed’s preferred inflation gauge, which will be released on Thursday. <\/p>\n Other economic data to be published this week includes the weekly ADP Employment Change and durable goods Orders for September on Tuesday; weekly initial jobless claims on Thursday; and further employment data on Friday. <\/p>\n