Bond yields rose as investors absorbed recent stronger-than-expected economic data and eyed the Federal Reserve's policy decision and comments due midweek.
Bond yields rose on Monday as investors absorbed recent stronger-than-expected economic data and looked ahead to the Federal Reserve’s policy decision and comments due midweek.
Markets are pricing in a 99% probability that the Fed will leave interest rates unchanged at a range of 5.25% to 5.50% on September 20, according to the CME FedWatch tool. U.S. economic updates set for release on Monday include the September home builder confidence index, due at 10 a.m. Eastern.
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