Bond markets look upbeat ahead of the Fed’s decision later today, and word that U.S. and Chinese officials will meet for trade talks.
The Fed is expected to keep rates on hold. Investors will tune in for Chair Powell’s post-meeting remarks, as he is likely to be asked about how tariffs are affecting inflation and economic growth.
Risk-taking returns after two-day retreat, with Treasury yields rising. The 10-year is at 4.320% and the two-year at 3.814%.