Treasury yields rise ahead of Fed meeting [Video]

U.S. Treasury yields were slightly higher on Tuesday as investors looked to economic data for hints about the state of the economy ahead of the Federal Reserve’s meeting.

The yield on the 10-year Treasury was up by around two basis points to 4.634%. The 2-year Treasury yield was last at 4.979% after rising by less than one basis point.

Yields and prices move in opposite directions. One basis point equals 0.01%.

Investors awaited economic data and looked to the Federal Reserve’s meeting, which is due to begin Tuesday and conclude Wednesday with a fresh interest rate decision and press conference. Investors are hoping to get guidance about the outlook for interest rates as questions about when rates will be cut and how many cuts could come this year have been top of mind.

Markets had been hoping that rates would be cut as soon as June, but this timeline has since moved to September after recent economic data …