US Treasury Yields at Three-Month Low

The US Treasury yields declined on Tuesday, ahead of the Federal Reserve’s Federal Open Market Committee (FOMC) July meeting releasing its policy statement tomorrow.

Although no changes in interest rates are expected, the meeting is set to reveal more details about recent developments in the US monetary policy.

The 10-year Treasury note yields fell by 2.8 basis points to 0.581%, which is its lowest level since April 21, according to MarketWatch.

The return on the two-year note decreased by 1.2 basis points to 0.141%.

Meanwhile, the 30-year bonds showed a decline in returns by 2.9 basis points to 1.223%, the lowest level since April 28.