U.S. Treasury yields climbed on Monday as investors awaited the start of the Federal Reserve’s first meeting of the year.
Yields and prices move in opposite directions. One basis point equals 0.01%.Investors awaited the Fed's next meeting, which will conclude with the central bank's latest interest rate decision on Wednesday. Many are expecting the Fed to announce a 25 basis point increase then.
That would be a further slowdown of the pace of rate hikes implemented by the Fed in its battle against inflation. Many investors have been hoping for this as concerns about the central bank leading the U.S. economy into a recession by increasing rates too much and too quickly have spread.
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