Treasury Yields Little Changed

2026-02-03 12:24 By Joana Taborda 1 min. read

The yield on the US 10-year Treasury note was little changed around 4.29% on Tuesday, after rising by about 4bps in the previous session as traders reassess the monetary policy outlook under the new Fed Chair, Warsh.

Investors continue to expect the Fed to cut the federal funds rate twice this year, potentially in June and October.

Meanwhile, key labour market data including the JOLTS survey and the monthly jobs report due this week will be delayed due to the partial US government shutdown.

House Republican leaders are expected to vote on Tuesday on a government funding package already approved by the Senate.

Separately, the US Treasury Department said it now expects to borrow $574 billion in Q1, $3 billion less than projected in November, mainly reflecting a higher cash balance at the start of the quarter.

Investors will be watching for further details due on Wednesday, particularly regarding any increase in issuance of longer-dated bonds.



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