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

Your time is valuable. Process rent payments faster and easier online with Story by J.P. Morgan.
GET STARTED