Authorities bond yields fall forward of the Fed assembly

US Treasury bond yields fell slightly on Monday morning, but the 10-year mark was above the 1.6% mark before the Federal Reserve hit later this week.

The benchmark 10-year Treasury note yield fell to 1.621% at 4 a.m. ET. The yield on the 30-year government bond fell to 2.375%. The returns move in reverse to the prices.

The Federal Open Market Committee is expected to meet on March 16-17. The Fed is expected to forecast better economic growth after it signed the $ 1.9 trillion tax break package last week.

Bond investors will also watch if the Fed changes its interest rate outlook. The decision on interest rates will be announced on the Wednesday after the FOMC meeting.

The March New York Empire State Manufacturing Index will be released on Monday at 7:30 a.m. CET.

Data showing January inflows of foreign investment into US Treasuries is expected to be released at 3:00 p.m. ET.

Auctions will be held Monday for 13-week bills worth $ 57 billion and 26-week bills worth $ 54 billion.