Bond Report: Treasury yields end slightly lower as investors await Fed, BOJ

Treasury prices rose Monday, pushing yields slightly lower, as investors braced for key monetary policy decisions later this week by the U.S. Federal Reserve and the Bank of Japan, which could help shape the future path of global interest rates.

On the U.S. economic front, home-builder confidence surged in September to match its highest reading in a decade, an industry group said Monday. The strong data helped yields rebound from session lows to end slightly lower on the day.

The yield on the two-year Treasury note TMUBMUSD02Y, +5.55% which is most sensitive to anticipated changes in the federal-funds rate, inched lower by 0.4 basis point to 0.774%, after logging Friday its largest weekly gain in three weeks.

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