U.S. Treasury yields declined on Tuesday as investors assessed what could be next for interest rates following remarks from Fed officials and ahead of key data.
Yields and prices have an inverted relationship and one basis point equals 0.01%.Investors considered the Federal Reserve's next interest rate policy moves ahead of key inflation data due this week and the central bank's upcoming meeting on July 25-26.
San Francisco Fed President Mary Daly said on Monday that she expects two further rate hikes to be announced this year to lower inflation. Speaking at a Brookings Institution event, she suggested that this could, however, change, and there's a possibility of both fewer or more rate hikes — depending on economic data.struck by a multitude of central bank officials, including Fed Chairman Jerome Powell, since their last policy meeting at which rates were left unchanged.
Investors are also looking out for several major economic data points scheduled for this week, including the latest consumer inflation figures on Wednesday and wholesale inflation on Thursday. No key data is expected on Tuesday.
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