Treasury yields dip slightly to start the week
- The April Chicago Fed National Activity index, which tracks overall economic activity and related inflationary pressures, is due out at 8:30 a.m. ET.
- Federal Reserve Governor Lael Brainard is set to make a speech on digital currencies at the Consensus by CoinDesk cryptocurrency and blockchain conference at 9 a.m. ET.
U.S. Treasury yields drifted lower on Monday morning, with little economic data due out at the start of the week.
The yield on the benchmark 10-year Treasury note fell to 1.617%. The yield on the 30-year Treasury bond dipped to 2.315%. Yields move inversely to prices.
Treasurys
| TICKER | COMPANY | YIELD | CHANGE |
|---|---|---|---|
| US1M | U.S. 1 Month Treasury | 5.37% | UNCH |
| US3M | U.S. 3 Month Treasury | 5.396% | +0.002 |
| US6M | U.S. 6 Month Treasury | 5.389% | +0.004 |
| US1Y | U.S. 1 Year Treasury | 5.211% | +0.004 |
| US2Y | U.S. 2 Year Treasury | 4.993% | -0.007 |
| US10Y | U.S. 10 Year Treasury | 4.663% | -0.006 |
| US30Y | U.S. 30 Year Treasury | 4.777% | -0.005 |
The April Chicago Fed National Activity index, which tracks overall economic activity and related inflationary pressures, is due out at 8:30 a.m. ET.
Federal Reserve Governor Lael Brainard is set to make a speech on digital currencies at the Consensus by CoinDesk cryptocurrency and blockchain conference at 9 a.m. ET.
However, investor focus this week will be on the April personal consumption expenditure index, as a measure of inflation, which is due out Friday. Rising inflation has been a concern for markets, with fears that it might force the Fed to tighten its easy monetary policy.
Auctions are due to be held Monday for $57 billion of 13-week bills and $54 billion of 26-week bills.