U.S. government debt prices were higher Monday morning, as investors looked ahead to a deluge of economic data.
Market participants are likely to closely monitor a flurry of economic data releases during morning trade. The S&P/Case-Shiller Home Price Index for February is set to be published at around 9:00 a.m. ET.
Chicago Purchasing Manager Index data for April, pending home sales for March and consumer confidence figures for April are all expected to follow slightly later in the session.Meanwhile, the U.S. central bank's Federal Open Market Committee is poised to announce its latest monetary policy decision on Wednesday.is widely expected to hold interest rates steady, as it seeks to balance robust economic growth against low inflation.
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