U.S. Treasury yields inch lower as rates remain elevated; FOMC minutes
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., Sept. 15, 2026.
Jeenah Moon | Reuters
U.S. Treasury yields inched lower on Monday after a sharp selloff the week prior, as investors look ahead to the minutes from the Federal Reserve’s latest meeting.
The benchmark 10-year Treasury was down over one basis point to 5.255%, and the 30-year Treasury bond also declined one basis point to 5.614%. The 2-year Treasury note yield was 2 basis points lower at 4.797%.
One basis point is equal to 0.01%, and yields and prices move in opposite directions.
Investors have grappled with a bond market selloff over the past few weeks, while a lackluster monthly jobs report on Friday helped to bring yields down and alleviated concerns about another rate hike.
Traders are now pricing in a nearly 82% chance of the Fed keeping rates unchanged at its next meeting, according to the CME Group’s FedWatch Tool.
On the economic data front, the Institute for Supply Management’s services activity report is due Monday, while investors will be looking ahead to the minutes from the central bank’s September meeting on Wednesday.
“The highly unsettled bond market makes the incoming US data and Fed communication particularly relevant,” Deutsche Bank analysts said in a note. “So the minutes will be worth watching for how the broader Committee is framing the current tightening cycle and for its discussion of the neutral rate, where estimates shifted higher in the September SEP.”
