Treasury yields slightly higher as investors keep an eye on Fed meeting

US Treasury yields inched higher on Tuesday morning, ahead of the Federal Reserve’s December policy meeting.

Return on benchmark 10-year Treasury bond added 1 basis point, rising to 1,4326% as of 3:30 a.m. ET. Productivity per 30-year Treasury bond little changed at 1.8145%. Yields move inversely with price and 1 basis point equals 0.01%.

The Fed will begin its latest monetary policy meeting on Tuesday, where it is expected to discuss accelerating cuts to its bond-buying program. The meeting ends Wednesday afternoon, and will be followed by a press conference with Fed Chairman Jerome Powell.

On the data front, the November producer price index will be released at 8:30 a.m. ET on Tuesday. Economists are expecting it to show prices have risen 0.5% for the month, according to estimates from Dow Jones. This will be a bit slow down compared with a 0.6% increase in October.

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This follows Friday’s hot inflation report, with Consumer Price Index rose 6.8% in November year-on-year, representing the largest increase since 1982.

No auctions are scheduled for Tuesday.

CNBC’s Pippa Stevens contributed to this market report. Treasury yields slightly higher as investors keep an eye on Fed meeting


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