Bond yields fall on Monday as investors await crucial inflation data and the final Federal Reserve policy meeting of the year.
Bond yields fell on Monday as investors awaited crucial inflation data and the final Federal Reserve policy meeting of the year.
What’s happening What’s driving markets Benchmark 10-year yields nudged lower ahead of a crucial few days, with the U.S. consumer price index published on Tuesday and the Federal Reserve delivering its monetary policy decision on Wednesday. The central bank is expected to take its Fed funds rate target to 4.95% by May 2023, according to 30-day Fed Funds futures, and only start easing very slightly by the end of that year.
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