Treasuries dip ahead of Fed meeting

Treasuries dip ahead of Fed meeting

Sept. 20:

Treasury yields were down slightly this morning, ahead of the conclusion of the Federal Open Market Committee meeting. The Dow traded up.

Economic calendar

Wednesday, Sept. 20

  • The FOMC concludes its meeting with a press release at 11 a.m. PT and a news conference 30 minutes later.

Thursday, Sept. 21

  • Weekly Initial Jobless Claims
  • Current Account Balance
  • Philadelphia Fed Manufacturing Business Outlook
  • Existing Home Sales
  • Leading Indicators

Friday, Sept. 22

  • S&P Global Flash US Composite PMI

Treasury calendar

Tuesday, Sept. 19

  • Yesterday’s $13 billion auction of 20-year Treasury bonds resulted in a yield of 4.592%, with demand higher than at the previous such auction. That is a record-high auction yield for 20-year Treasuries going back to May 2020.

Thursday, Sept. 21

  • $15 billion auction of 10-year Treasury Inflation-Protected Securities

By Mike Kraft, Executive Director and Commercial Real Estate Treasurer for Commercial Banking

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