On Tuesday, U.S. Treasury yields saw a minor decline, with the benchmark 10-year yield falling 2 basis points to 5.114% and the 30-year bond also down 2 basis points to 5.45%. The 2-year Treasury note yield remained stable at 4.757%.
This movement comes as investors await critical economic indicators, including housing starts and pending home sales data for September, as well as weekly jobless claims and the S&P Global Composite PMI Flash, all set to be released later this week.
The market is particularly focused on the Federal Reserve's interest rate decision scheduled for next week, with current projections indicating an 82% likelihood that rates will remain unchanged. Additionally, the personal consumption expenditures index, which is the Fed's preferred measure of inflation, will also be disclosed soon.
These developments are crucial as they may influence future monetary policy and investor sentiment