×

US Treasury yields fall as investors await news on the next Fed chair

  • In the final week of September, President Donald Trump stated that the person who would lead the U.S. central bank from 2018 would be announced in the coming weeks.

U.S. government debt yields were lower Tuesday, as investors switched focus to the next batch of speeches set to be delivered by the U.S. Federal Reserve.

The yield on the benchmark 10-year Treasury note was lower at 2.354 percent at 4:39 p.m. ET, while the yield on the 30-year Treasury bond was down at 2.887 percent. Bond yields move inversely to prices.

Symbol
Yield
 
Change
%Change
US 3-MO
---
US 1-YR
---
US 2-YR
---
US 5-YR
---
US 10-YR
---
US 30-YR
---

Following the Bureau of Labor Statistics' latest nonfarm payrolls report, which revealed that the U.S. saw a loss of 33,000 jobs during September, investors will be paying close attention as to what leading members of the U.S. central bank will say Tuesday.

Later on in the day, investors turned their attention to Dallas Fed President Robert Kaplan, who spoke in California, where he participated in a Stanford Institute for Economic Policy Research associates meeting.

The Fed will also be of key importance when it comes to U.S. politics. In the final week of September, President Donald Trump stated that the person who would lead the U.S. central bank from 2018 would be announced in the coming weeks.

On the commodities front, oil prices rose, with investors digesting the latest comments from a leading oil cartel. On Monday, OPEC's Secretary General Mohammed Barkindo told Reuters that there was "clear evidence" that the oil market was showing signs of rebalancing.