Treasury yields pull back Monday as investors prepare for this week's meeting of Federal Reserve policy makers.
Treasury yields pulled back Monday as investors geared up for this week’s meeting of Federal Reserve policy makers.
Yields were under renewed pressure Monday as global equities opened the week with a negative tone, undercut in part by U.S.-China tensions. China blamed the U.S. for a stalemate in bilateral relations as high-level talks began in the Chinese city of Tianjin. Policy makers are expected to discuss plans around eventually slowing the pace of the Fed’s monthly bnd purchases. But investors expecting clear answers about the crucial questions of when the tapering will start and the pace of any pull back will likely be disappointed, economists said.Investors will also deal with fresh supply, with the Treasury due to auction $60 billion in 2-year notes Monday.
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