The yield on US Treasury bonds remains largely unchanged, with the Federal Reserve meeting looming.
Before the Federal Reserve meeting, the US Treasury yield remained stable despite outdated data and escalating political tensions. Data delayed due to the government shutdown in October showed a 5.3% increase in durable goods orders in November, higher than the average economist's expectation of 4.5% from The Wall Street Journal survey, with October data revised to a 2.1% decline. The market expects the Federal Reserve to keep interest rates unchanged on Wednesday, and Fed Chairman Powell may face questions about the central bank's independence. The threat of a government shutdown has increased as Democrats will support funding tied to immigration law enforcement adjustments. The 10-year US Treasury yield is 4.227%, the 2-year US Treasury yield is 3.605%, both holding steady from Friday. The Wall Street Journal US dollar index is unchanged, with gold up 1.5%.
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