Bond yields fell on Monday as a mild risk-off mood boosted government paper and traders eyed important economic data later in the week.
What’s happeningWhat’s driving markets Softness in stock futures and lingering concerns about waning economic growth encouraged the purchase of Treasuries.What’s happening What’s driving markets Softness in stock futures and lingering concerns about waning economic growth encouraged the purchase of Treasuries.
That package would likely color the Fed’s deliberations ahead of its interest rate decision due a week Wednesday. The central bank is expected to take its Fed funds rate target back down to 4.65% by December, according to 30-day Fed Funds futures.
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