US Treasury Yields Lower as Markets Wait to Hear Fed Speeches Today

US government debt prices edged lower as markets await the release of important economic data and comments from Federal Reserve policymakers

Written by: Arslan Butt • Tuesday, July 2, 2019 • 1 min read

• Last updated: Tuesday, July 2, 2019

On Tuesday, US government debt prices edged lower as markets await the release of important economic data and comments from Federal Reserve policymakers. Early on Tuesday morning, the yield on 10-year US Treasury notes fell to 2.017% while the yield on the 30-year Treasury note declined to 2.5449%.

Later today, New York Fed President John Williams and Cleveland Fed President Loretta Master are expected to make speeches about the US economy. At the end of this week, the US NFP figures are due for release which could impact the US dollar as well as bond yields.

On Tuesday, the US dollar is trading at 96.78, at the time of writing. The dollar is trading slightly lower after Monday’s release of somewhat weak manufacturing data.