Treasury yields fall as investors prepare for economic reports, Fed speaker comments

U.S. Treasury yields declined on Monday as investors looked ahead to a week of fresh economic data and remarks from Federal Reserve officials.

Many investors are now considering when these rate hikes may be coming and how high interest rates will ultimately go. According to thetool, markets are currently pricing in an almost 72% chance of a rate hike being announced at the Fed's next meeting in July.

Several Fed officials are slated to speak this week, including Powell on Wednesday and Thursday. Investors will be scanning the comments for fresh details about the central bank's monetary policy plans.

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