The US Treasury yield remained relatively unchanged in the US market after it reopened.
The yield on US Treasuries did not change significantly after the US President's Day holiday. The Empire State Manufacturing Survey from the New York Federal Reserve Bank showed that the business conditions index for February decreased slightly from 7.7 in January to 7.1, while economists had expected it to be 10. Housing starts data for December will be released tomorrow. The initial jobless claims report released on Thursday is expected to decrease from 227,000 to 220,000. The Personal Consumption Expenditures Price Index for December, set to be released on Friday, is expected to remain unchanged from November at 2.8%. According to data from the CME Group, the market is predicting a 90% chance that the Federal Reserve will maintain the interest rate in March. The 10-year Treasury yield is at 4.037%, lower than Friday's 4.055%. The 2-year Treasury yield increased slightly from 3.409% to 3.416%.
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