The U.S. 10-year Treasury yield rose above 4.11% on Monday as investors awaited a flurry of speeches from Federal Reserve policymakers.
The yield on the 10-year Treasury rose about 4 basis points to 4.112%, after having ended last week at 4.075%. The yield on theYields and prices move in opposite directions. One basis point equals 0.01%.On a day without any major economic data releases, market participants are likely to scrutinize comments from officials at the U.S. central bank.
Dallas Fed President Lorie Logan, Minneapolis Fed President Neel Kashkari, Kansas City Fed President Jeff Schmid and San Francisco Fed President Mary Daly are all expected to deliver remarks on Monday as investors await clues on the Fed's monetary policy outlook.last week that future interest rate cuts will be less aggressive than September's jumbo rate cut, expressing some concern that the U.S. economy may still be running at a hotter-than-desired pace.
"While we do not want to overreact to this data or look through it, I view the totality of the data as saying monetary policy should proceed with more caution on the pace of rate cuts than was needed at the September meeting," Waller said on Oct. 14, citing recent reports on employment, inflation, gross domestic product and income.last month of lowering its baseline interest rate by a half percentage point, or 50 basis points, to a target range of 4.75% to 5.00%.
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